I thought you would say that. So the central thesis of the article is correct, despite your sneering insults. The Comex running a fractional system, and doesn’t really have all the gold they claim to have, and this doesn’t bother you. Fine. Glad you admit it. The fact that it doesn’t bother you is a separate issue, “irrelevant” to you, but at least you are admitting they ain’t got all the gold.
Ah, no, it's still BS. Do you think that because you have ignored facts for a few posts that they somehow disappeared?
The Comex running [sic] a fractional system
You obviously also have no understanding of how commodity exchanges function and have gone off into the never-never land of total fantasy. Repeat after me. Commodity exchanges are not banks.
[Comex] doesn’t really have all the gold they claim to have
Beyond the fact that you couldn't prove the contents or lack thereof in Comex warehouses if your life depended on it, are you really that dense?
"They" (Comex) own no gold. Every ounce deposited in a Comex-approved warehouse is owned by some entity, individual or corporate or otherwise. Comex couldn't care less who puts gold into storage or doesn't.
Are you so irrational that you think that there is a massive conspiracy to make Comex think that there are more ounces stored in their approved warehouses than there really are?
Guess what? If that was true, Comex couldn't care less that shorts might be squeezed as a result. They're just the exchange, they'd fire their auditors and hire new ones who could get it right. Too bad it's only a recurring dream of the conspirazoids.
Glad you admit it
Keep repeating your magic words if they make you feel better.
You remind me of tax protesters. They claim this, that and the other thing, but will never admit that the law contradicts their ridiculous positions and that they always lose, 100% of the time, in actual courts when it comes down to their liability to pay.
They still claim they are right as they wave good-bye on their way to prison, just as you refuse to see reality and instead suck up every stupid and idiotic conspiracy theory that comes down the gold pike.
It's good to see that you haven't tired of making a fool of yourself.