bob coleman, a dealer in precious metals, has written to the comex and cftc, notifying them that he intends to start taking delivery of silver bullion. let the fun begin!
here is part of the letter:
I would like to buy and take physical delivery of 1 to 5 million ounces of silver a month on a consistent basis. I am not interested in holding warehouse receipts but taking actual physical delivery from your approved depositories/warehouses. Would there be any obstacles or resistence from either the CME Group/COMEX or the CFTC when I begin to implement or during the ongoing process of this strategy?
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