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Economic Times/Ritesh Jain
“It’s something which has not happened in history. A stunning 2.8 million oz of gold was marked for delivery in last month’s contract equating 88 tonnes worth $4-5 billion. Somebody is really taking a big call that the US dollar will be devalued significantly.”
USAGOLD note: Physical metal is in demand and Comex is simply a source – like other sources. Consider for a moment the spectacularly large amount of created capital now seeking a safe place to wait out the crisis and you will begin to understand the strain on physical supplies at current prices.
Repost from 6-29-2020