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https://usawatchdog.com/gold-market-deliveries-already-in-deep-default-bill-holter/
Dec 12, 2019 · The fact is the COMEX cannot “default” because they do not provide the gold, the sellers do. All the COMEX does is provide the exchange platform. Don’t forget the GOLD STANDARD was about using gold as MONEY to exchange for goods and services, NOT hoard it …
https://www.tfmetalsreport.com/blog/4667/gold-delivery-or-default
Apr 23, 2013 · We now know that Brown was actually forced to sell England's gold in order to stave off a bullion bank collapse, a collapse that posed a systemic risk to the global financial system. Gold was delivered for the purpose of covering Goldman Sachs' grossly mismatched leases. Deliveries were made and the system was saved.
https://finance.zacks.com/can-comex-default-delivery-11599.html
The gold and silver represented by the number of open futures contracts significantly exceeds the amount of precious metal the COMEX has available for delivery. To prevent a run of delivery requests, the exchange puts a limit on how many contracts a single trader or organization can hold at any one time.
https://www.silverdoctors.com/gold/gold-news/gold-contracts-default-deliveries-rationed-in-london-andrew-maguire-says/
2 days ago · — In recent days gold contracts presented for delivery in London have been defaulted on, while other deliveries have been fulfilled only partially, metal being rationed among claimants, with huge premium payments required for delivery.
https://seekingalpha.com/article/111852-will-comex-default-on-gold-and-silver
Dec 22, 2008 · Because everyone starts hearing about the missed deliveries, by the next day after the last possible delivery date, spot gold in London starts selling for $1,359 per ounce.
https://www.investopedia.com/terms/g/gooddelivery.asp
Sep 18, 2019 · Good Delivery: Occurs when a security's transfer is unhindered by restrictions or other issues that would prevent its delivery to the buyer. Good delivery …
https://www.bullionvault.com/gold-news/comex-gold-stocks-072420136
Jul 24, 2013 · Registered stocks however are officially recognized by the CME for good delivery on the exchange. That means that this inventory exists and is set aside to make delivery against gold futures contracts. Traders who stand for delivery, rather than cash payment, when their contract settles take delivery of the warehouse receipt.
https://www.forbes.com/sites/kitconews/2014/01/24/how-comexs-warehouse-delivery-system-actually-works-clearing-up-confusion/
Jan 24, 2014 · The first level of default is the FCM (futures commission merchant) which is on the hook with the exchange. The exchange will require proof and …Author: Kitco News
https://en.wikipedia.org/wiki/Good_Delivery
The Good Delivery specification is a set of rules issued by the London Bullion Market Association (LBMA) describing the physical characteristics of gold and silver bars used in settlement in the wholesale London bullion market. It also puts forth requirements for listing on the LBMA Good Delivery List of approved refineries.
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