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Gold EFPs: Absolute Proof That Paper Gold Is A Fraud

Authored by Stewart Dougherty via InvestmentResearchDynamics.com, IRD’s Note:  In the past year, there has been a noticeably substantial  increase in the use of the obscurely defined EFPs (Exchange for Physicals) and PNTs (Privately Negotiated Transactions) in the settlement of Comex gold and silver futures contracts.  In simple terms, the EFPs and PNTs enable the counterparties  […]