Someone just took delivery of 2000kg of silver from BullionVault

[*T*]

Someone ('DOCTOR') just gave notice to take delivery of 2000kg of silver from BullionVault. And no it wasn't me.

It's on their front page as usual.

I've noticed it's usually this guy who withdraws, on or before periods of stress, but it's always been gold. And this is a lot: 2 bucks' worth.

Now I was a big skeptic about this large concentrated silver short position bullshit, but (price) action speaks louder than words.

[dbarberic]

Re: Someone just took delivery of 2000kg of silver from BullionVault

And this is a lot: 2 bucks' worth.

I don't understand this comment. "2 bucks worth"?

2,000kg comes out to 70,547.9 ounces! That is $3,370,778.66 USD. I'd say that is more than two bucks.

[Fiat Currency]

Re: Someone just took delivery of 2000kg of silver from BullionVault

I don't understand this comment. "2 bucks worth"?

2,000kg comes out to 70,547.9 ounces! That is $3,370,778.66 USD. I'd say that is more than two bucks.

Well - that does depend on "whose bucks" one is referring to ...

[Fiat Currency]

Re: Someone just took delivery of 2000kg of silver from BullionVault

I don't understand this comment. "2 bucks worth"?

2,000kg comes out to 70,547.9 ounces! That is $3,370,778.66 USD. I'd say that is more than two bucks.

Isn't it 64301.492 TROY ounces ??

[jiimbergin]

Re: Someone just took delivery of 2000kg of silver from BullionVault

Isn't it 64301.492 TROY ounces ??

yes

[*T*]

Re: Someone just took delivery of 2000kg of silver from BullionVault

1 buck = $1,000,000 but yeah, it's ~$3M. (FWIW 1 yard = 1,000,000,000).

[dbarberic]

Re: Someone just took delivery of 2000kg of silver from BullionVault

Isn't it 64301.492 TROY ounces ??

Lol... I just calc basic ounces....

[Fiat Currency]

Re: Someone just took delivery of 2000kg of silver from BullionVault

1 buck = $1,000,000 but yeah, it's ~$3M. (FWIW 1 yard = 1,000,000,000).

... or $2M Euros. Even fiat currency is subject to Einstein's theory of relativity

[ltullos]

Re: Someone just took delivery of 2000kg of silver from BullionVault

Perhaps she plans to sell it to JPM?