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"The Largest Ever Physical Transfer Of Gold" Is silver next?

 
Don Draper from Nantucket
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05/31/2020 01:09 PM

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"The Largest Ever Physical Transfer Of Gold" Is silver next?
[link to www.zerohedge.com (secure)]


Since late March, no less than 550 tons of gold - worth $30 billion at today’s price and roughly equal to global mine output in the period - have been added to Comex warehouse stockpiles; hundreds of tons of that was imported. On its own that amount of gold would represent the 11th largest sovereign holding, larger than the ECB's official 504.8 tons of gold.
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05/31/2020 01:10 PM
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Re: "The Largest Ever Physical Transfer Of Gold" Is silver next?
[link to www.zerohedge.com (secure)]


Since late March, no less than 550 tons of gold - worth $30 billion at today’s price and roughly equal to global mine output in the period - have been added to Comex warehouse stockpiles; hundreds of tons of that was imported. On its own that amount of gold would represent the 11th largest sovereign holding, larger than the ECB's official 504.8 tons of gold.
 Quoting: Don Draper from Nantucket


part of the gold backing the globec
Anonymous Coward
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05/31/2020 01:27 PM
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Re: "The Largest Ever Physical Transfer Of Gold" Is silver next?
they are trying to build something with it
quick

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05/31/2020 01:50 PM
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Re: "The Largest Ever Physical Transfer Of Gold" Is silver next?
[link to www.zerohedge.com (secure)]


Since late March, no less than 550 tons of gold - worth $30 billion at today’s price and roughly equal to global mine output in the period - have been added to Comex warehouse stockpiles; hundreds of tons of that was imported. On its own that amount of gold would represent the 11th largest sovereign holding, larger than the ECB's official 504.8 tons of gold.
 Quoting: Don Draper from Nantucket




Probably so they can short the crap out of it, bring the price way down and then buy those contracts back at a much lower price.. All the while they hold the physical metal so they never lose.

I think Warren Buffet did this with Silver a couple of decades ago.


Always diversify your portfolios.. Gold should win in the very, very end, but until then, they can manipulate its price thru the futures (paper contract market)

Sometimes things aren't as they appear.

.
Quick





GLP