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Comex Gold Default 2014?

Nino Brown · 2014-01-19 11:32:12

With the massive drop in the comex gold inventory over the last year, does anybody think they will default this year, and if not why not? Last year we saw huge drops in the gold price, and at the same time people queuing down streets to buy gold, was 2013 the year that the paper market and the physical became disjointed?…

19-01-2014 12:32PM

#1

Nino Brown

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Join Date: March 2010

Posts: 1482

With the massive drop in the comex gold inventory over the last year, does anybody think they will default this year, and if not why not?
Last year we saw huge drops in the gold price, and at the same time people queuing down streets to buy gold, was 2013 the year that the paper market and the physical became disjointed?
All I see in the news is how Fed tapering is bad for gold prices, but nobody seems to be talking about this chart

http://www.24hgold.com/english/interactive_chart.aspx?title=COMEX%20WAREHOUSES%20REGISTERED%20GOLD&etfcode=COMEX%20WAREHOUSES%20REGISTERED&etfcodecom=GOLD

If the comex runs out of gold, it doesn't matter what the fed does, gold prices will at least double overnight in my opinion. Any thoughts?

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