/biz/ - Business & Finance

ATTENTION ATTENTION ATTENTION ATTENTION

The COMEX has DOUBLED the number of approved Refiners from ~70 to ~130**INCLUDING ~20 CHINESE REFINERS!!!!11**https://youtu.be/_kiCqOL-tqU

This is unprecedented!!
Everyone knows Chinese gold / silver is untrustworthy, full of tungsten & lead!!
NOBODY trusts Chinese metals!! Are you kidding me COMEX??

Imagine an institution buying 10 contracts, standing for physical delivery, and they are given 1,000oz of CHINESE gold!!
LMAO
There is going to be hell to pay - they are not going to accept it (who the hell would accept it without assaying the hell out of every single bar??)
Just imagine the absolute shitstorm when even ONE buyer reports that their COMEX gold was not in fact .999 bullion

https://news.bitcoin.com/gold-industry-83-tons-fake-gold-bars-secure-2-billion-loans-china/https://economictimes.indiatimes.com/news/international/world-news/chinas-biggest-gold-fraud-4-of-its-reserves-may-be-fake-report/articleshow/76707339.cms

This level of desperation is unreal