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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:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
Here's what the bottles look like:
Buyers can compose their case by choosing as many as four varietals from the list here:
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at firstname.lastname@example.org.
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