The Comex Fraud Is Growing Larger! 69 Times More Paper Than Gold !
- The Comex Fraud Is Growing Larger – 69 Times More Paper Than Gold!
by http://truthingold.blogspot.com/
The information in this report is taken from sources believed to be reliable; however, the Commodity Exchange, Inc. disclaims all liability whatsoever with regard to its accuracy or completeness. This report is produced for information purposes only.
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The above liability disclaimer was added to the Comex gold and silver warehouse stock reports about 5 months ago. I have a post on this blog about the time it showed up if you need an exact date. You can see the Comex stock report and disclaimer at the bottom here: Comex Gold Stock Report
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The question I had at the time was, “why now?” The CME completed its acquisition of the Comex in August 2008. It took nearly 5 years before the CME’s lawyers decided to add that disclaimer to its Comex gold/silver warehouse stock reports. Having worked on corporate finance deals in my past and knowing how anal and attention-to-deal good lawyers are, I can assure you that it is not some capricious oversight that the CME decided to correct five years ex post facto, as one prominent silver newsletter seller would have us believe.
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Here’s a graph of the stunning plunge in the “registered” gold sitting in Comex bank vaults – “registered” means gold that has been designated by its legal owners as being available for delivery to holders of futures contracts and has been certified as a bona fide gold bar per Comex standards (source of chart is 24hourgold.com, edits are mine): (top of post)
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read more!
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