Gold traders with bullion stocked at Comex say they're not getting the right bars (these things have serial numbers). One possibility is an honest mistake. The other - that the bar indicated on the warehouse receipt doesn't exist - is pretty dire. More from Joe Weisenthal.
Interesting article. I have a Gold and Silver contracts coming due soon. I am planning to take physical delivery. Maybe I should plan to show up at the vault in New York in a large SUV and some friends.
Even the most benign possibility (an "honest mistake") is troubling when dealing with items worth upward of $90,000 each. The others are downright scary.
But the mainstream media, including and especially financial media, will probably file these reports under "whacko conspiracy theories" and few people will ever even hear about it.
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But the mainstream media, including and especially financial media, will probably file these reports under "whacko conspiracy theories" and few people will ever even hear about it.