What Purpose Does The COMEX Serve?

What Purpose Does The COMEX Serve? by Rory for The Daily Coin

For the past ten years we have followed the “value” of precious metals, gold and silver in particular, according to the benchmark set by the COMEX and LBMA. The question is, why? Why, especially the past 4-5 years when the COMEX has been a key factor in the cases involving precious metals “price” rigging?

Raise your hand if you believe every aspect of the information reported by the COMEX is rigged?

Do you have more faith and confidence in the reporting being done at the COMEX and LBMA than the reporting being done by Chris Powell, Secretary Treasurer, GATA and Bill Murphy, Chairman, GATA? Seriously, this is not a rhetorical question. This is at the heart of the matter.

On one side we have people that have been, for the past twenty plus years, standing up to the worlds most powerful people – on our behalf -, while on the other hand we continue to spread the lies perpetrated by two crime syndicates. Why do we do this?

All The Large Gold Refineries Are Back Online

We are seeing criminal activity on a global scale that is almost unfathomable and yet there are so many analyst that continually report on the information spewed by these criminal enterprises and their audience puts there faith and confidence in this work. Why? When do we walk away and turn our back on these organizations?

Well, now would be an excellent time to do just that. Bullion dealers, along with individuals coming into the market place, are setting a different benchmark from these organizations. Institutions will soon be following suit. If the traders continue to demand delivery at what appears to be suppressed pricing, on the COMEX and LBMA, these two crime syndicates will meet their ultimate fate – closure.

Will Gold Double – Move Towards $3,400 Or Will It Move Even Higher?

Is closure actually possible or are these organizations run by governments and remain in place to run a blockade between national fiat currencies and the public? With gold being a Tier 1 asset at the central bank level, what purpose do these organizations serve? Who do these organizations serve?

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The Daily Coin

Rory Hall, The Daily Coin. Beginning in 1987 Rory has written over 1,000 articles and produced more than 300 videos on topics ranging from the precious metals market, economic and monetary policies, preparedness as well as geopolitical events. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver, Silver Doctors, SGTReport, and a great many more. Rory was a producer and daily contributor at SGTReport between 2012 and 2014. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. Don't forget to visit The Daily Coin and Shadow of Truth YouTube channels to enjoy original videos and some of the best economic, precious metals, geopolitical and preparedness news from around the world.