SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Alan Whirlwind who wrote (28424)2/16/1999 6:11:00 PM
From: IngotWeTrust  Read Replies (2) | Respond to of 116764
 
Pretty good hunch, Alan. Guess it's time to remind folks just what in and out of the warehouse really means.

It means that good delivery silver bars,
on pallets,
in COMEX approved warehouses
....which are listed on the Comex Silver FUTURES contract specs
are moved by forklift,
from
the AISLE designations via painted yellow stripes on the floor of said warehouse,
BACK INTO BETWEEN PAINTED YELLOW BOXES on same floor,
with a hanging tag showing "owner's name."

The stuff never leaves the warehouse,
unless
the Warren Buffets of this world, actually send armoured cars 4 their Paid In Full palletsfull.

Have to see it to believe it, but that is the actual way gold, silver, copper, aluminum, lead, zinc, nickel, cobalt, palladium, platinum, ruthenium, rhodium, titanium ad nauseum is moved
in and out of warehouse stocks...by forklifting in and out of the
painted aisles IN said warehouses!

Anybody for a game of smoke and mirrors?

O/49r



To: Alan Whirlwind who wrote (28424)2/16/1999 9:15:00 PM
From: long-gone  Read Replies (1) | Respond to of 116764
 
Al,
You got a place for the Comex W/H totals? Word I heard (two places) was that the 1.2 mil oz silver was loaned, not added to W/H stocks. Small point, but does the 1.2 mil oz exist, or is it just "paper silver"?
rh