Comment: Where is the COMEX gold going?

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dacharlie's picture

Where is the COMEX gold going?

If what zerohedge says is correct who is buying the vaulted gold and where are they being delivered to? Personal vaults of the bankers? It will be interesting to find out who are the sellers and buyers in this mess as it's getting confusing here. Can some one explain the basic rules regarding electronically traded gold?
So if the same people or corporations are shorting gold and buying at the same time, how do they reconcile that?