Is a paper promise for future delivery of gold or silver worth more than Zero? If never delivered? If you believe it is, it is. Federal Reserve notes are backed by the full faith & credit of the US government.
Comex ® is backed by the full faith & credit of themselves. Should the Comex continue it's price slide all the way to zero, will they advertise a gold & silver inventory clearance sale to clear their good name? To make their creditors whole?
Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul ☑