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Warren Buffett could easily take out all the gold on the COMEX
The gold and silver markets are small enough that any significant inflow of capital could push prices higher, this according to Jeff Clark, senior precious metals analyst of GoldSilver.com.
“The gold market is so small that Warren Buffett could take less than 5% of his cash and buy every registered ounce of gold on the COMEX,” Clark told Kitco News on the sidelines of the Vancouver Resource Investment Conference.
VRIC 2020
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