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Watch: Broker REFUSES to Give Rafi His COMEX Physical Silver

 
Tidbits
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User ID: 77547432
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12/03/2021 10:21 PM
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Watch: Broker REFUSES to Give Rafi His COMEX Physical Silver
4:30 on is the mini-doc of the run around trying to take delivery of a silver contract.



Last Edited by St Tidbits the Odd on 12/03/2021 10:23 PM
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Anonymous Coward
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03/12/2022 10:09 AM
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Re: Watch: Broker REFUSES to Give Rafi His COMEX Physical Silver
he never did get the silver.

So what happens if the COMEX can't deliver?
Anonymous Coward
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03/12/2022 10:14 AM
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Re: Watch: Broker REFUSES to Give Rafi His COMEX Physical Silver
Reality may be about to roar supreme.

Maybe silver quadruples in short order, all blamed on Russie?
Anonymous Coward
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03/12/2022 10:14 AM
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Re: Watch: Broker REFUSES to Give Rafi His COMEX Physical Silver
he never did get the silver.

So what happens if the COMEX can't deliver?
 Quoting: Anonymous Coward 76953217


Comes rules specifically state they reserve the right to make all settlements in cash.
jlee2027

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03/12/2022 10:21 AM
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Re: Watch: Broker REFUSES to Give Rafi His COMEX Physical Silver
he never did get the silver.

So what happens if the COMEX can't deliver?
 Quoting: Anonymous Coward 76953217


Nothing...this scenario has happened many times, they settle in cash.

The only way to destroy COMEX precious metals, that I see, is short selling having to cover, becomes explosive and the Nickel market event happens, where the "market" no longer exists because everyone has gone broke.
Anonymous Coward
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03/12/2022 10:32 AM
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Re: Watch: Broker REFUSES to Give Rafi His COMEX Physical Silver
Whem it comes to precious metals, if you can't touch it, you don't own it.
Anonymous Coward
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03/12/2022 10:33 AM
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Re: Watch: Broker REFUSES to Give Rafi His COMEX Physical Silver
seal
themessengernevermatt​ers

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03/12/2022 10:43 AM
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Re: Watch: Broker REFUSES to Give Rafi His COMEX Physical Silver
I remember reading many years ago that their is more paper gold in circulation, then can ever be delivered on this planet, even with every possible mine being opened to full capacity. Silver I am sure is the same way.

Paper metals are just paper and a lot of hot air.
“The rules are simple: they lie to us, we know they're lying, they know we know they're lying, but they keep lying to us, and we keep pretending to believe them.”

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Anonymous Coward
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03/12/2022 10:50 AM
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Re: Watch: Broker REFUSES to Give Rafi His COMEX Physical Silver
So it’s essentially not a real market if you can’t take delivery
Anonymous Coward
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03/12/2022 11:00 AM
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Re: Watch: Broker REFUSES to Give Rafi His COMEX Physical Silver
bump
Anonymous Coward
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03/12/2022 11:27 AM
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Re: Watch: Broker REFUSES to Give Rafi His COMEX Physical Silver
bump

the manipulation is allowed so governments and banks can
vacuum up as much as they can before the worldwide meltdown.
Anonymous Coward
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03/12/2022 11:56 AM
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Re: Watch: Broker REFUSES to Give Rafi His COMEX Physical Silver
CRIMEX
Anonymous Coward
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03/12/2022 12:04 PM
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Re: Watch: Broker REFUSES to Give Rafi His COMEX Physical Silver
Has anyone ever withdrawn from SPROTT SPLV silver? It looks like they have a process.

[link to sprott.com (secure)]
Crypto-Tard

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03/12/2022 12:23 PM

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Re: Watch: Broker REFUSES to Give Rafi His COMEX Physical Silver
he never did get the silver.

So what happens if the COMEX can't deliver?
 Quoting: Anonymous Coward 76953217


Comes rules specifically state they reserve the right to make all settlements in cash.
 Quoting: Anonymous Coward 81753706


Yep. A fully paper operation. No metal there at all, it's mainly used to manipulate the price for the real silver.
When you are afraid of losing your life, you have already lost your life.

Don't be afraid.
Anonymous Coward
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03/12/2022 12:46 PM
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Re: Watch: Broker REFUSES to Give Rafi His COMEX Physical Silver
I remember reading many years ago that their is more paper gold in circulation, then can ever be delivered on this planet, even with every possible mine being opened to full capacity. Silver I am sure is the same way.

Paper metals are just paper and a lot of hot air.
 Quoting: themessengernevermatters

They are Fiat metals (paper contracts) only worth the faith you have in the dealer, that is selling you the paper metal.
Anonymous Coward
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03/12/2022 12:46 PM
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Re: Watch: Broker REFUSES to Give Rafi His COMEX Physical Silver
A fools paradise!
Anonymous Coward
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03/12/2022 12:57 PM
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Re: Watch: Broker REFUSES to Give Rafi His COMEX Physical Silver
Has anyone ever withdrawn from SPROTT SPLV silver? It looks like they have a process.

[link to sprott.com (secure)]
 Quoting: Anonymous Coward 76953217


So reading the fine print on PSLV you actually have to hold enough PSLV units that equal 10,000 oz of silver and based on current value that is about 28140 units and at current price per unit is $253,541 before they would ship you silver in exchange for shares. That is a cost per oz of $25.54 cents and comex is 26.20 oz currently so I don't see how I could get for cheaper from SPROTT ?

At 10,000 oz current physical price you are looking at around $300,000 (approx $30 oz) $4 premium). I am now questioning Sprott delivering

[link to sprott.com (secure)]





GLP