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Bloomberg/David Stringer/4-24-2020
“We’re producing as many kilobars as we can, we’re probably churning out seven and a half tons of them a week at the moment and we are forward sold well into May,’ Richard Hayes, chief executive officer of the Perth Mint, said in an interview. ‘A very large portion of those kilobars are ending up as Comex deliveries.’”
USAGOLD note: So, who – one might ask – is taking delivery of all this gold? And who is on the hook to make delivery?
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