Weekly COMEX Gold Inventories: A Hedge Fund Could Buy All The Registered Gold For Under $900 Million

COMEX is an exchange that offers metal warehousing and storage options for its clients. The list of their silver warehouses can be found here and their gold warehouses can be found here. In the case of silver and gold, the metal is stored at these official warehouses on behalf of banks and their clients and can be used to settle futures contracts, transferred between clients, or withdrawn from the warehouse. This offers large holders of precious metals a convenient way to store their metal with minimal storage fees – very convenient indeed if you hold large amounts of gold or silver and you don’t want to store them in your basement.

via Weekly COMEX Gold Inventories: A Hedge Fund Could Buy All The Registered Gold For Under $900 Million – Seeking Alpha.

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One thought on “Weekly COMEX Gold Inventories: A Hedge Fund Could Buy All The Registered Gold For Under $900 Million

  1. Upon his fathers demise, it soon became apparent William had been holding back so as to embarrass his father by his brilliance. People who buy gold from investment perspective are always said to have made a smart, intelligent, and rationale choice, for value of dollar can go down, but value of gold will go up, eventually. A collectible is defined as any work of art, antiques, metals and gems, stamps and coins, alcoholic beverage and tangible personal property.

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