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Ronan Manly: Asahi vault 30 miles outside NYC added to Comex list
By Ronan Manly
Bullion Star, Singapore
Wednesday, July 19, 2023
Those who keep an eye on the well-known Comex daily gold and silver inventory reports, (officially titled CME's "Warehouse and Depository Stocks") will by now have noticed that a new depository and vault called Asahi Depository LLC has recently made an appearance on the reports, specifically since May this year.
Comex inventory reports are always of keen interest in the precious metals space because they show, at least in theory, how much physical gold and silver in held within a group of "approved" depositories and vaults in and around New York City to backstop or meet delivery obligations connected to the trading of gold futures and silver futures contracts on the New York Commodity Exchange.
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Note that in addition to gold and silver, Asahi Depository is also now an approved CME depository for storing platinum and palladium metals connected to the trading of CME platiunum futures and palladium futures contracts on the NYMEX (New York Mercantile Exchange).
Given that a new depository and precious metals vault joining the list of Comex/NYMEX approved vaulters is a rare occurrence, it's worth examining Asahi Depository and its approval by the CME Group (owner of Comex and NYMEX), as well as looking at where the Asahi Depository vault is located in the United States. ...
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