Taking delivery of Comex silver becomes a comic odyssey
10:22p ET Friday, December 10, 2021
Dear Friend of GATA and Gold:
Rob Kientz of GoldSilverPros has produced a short documentary on the extreme and comic difficulty encountered by one investor undertaking an experiment of taking delivery of a single silver futures contract from the New York Commodities Exchange.
The difficulty seems to arise more from the broker being used than from the exchange itself. But the broker seems to have been advertising its ability to deliver real metal for silver contract buyers when the broker actually had never done it before.
The moral is that the Comex seems never to have been intended to function as a genuine delivery mechanism for regular people but rather to function as the plaything of the financial houses that trade there.
The documentary is 20 minutes long and can be viewed at YouTube here:
CHRI S POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc. CPowell@GATA.org