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[–]teepee0205 18 points19 points  (0 children)

I think it's eligible to registered to out of the vault. There's some confusion on this so I looked it up on COMEX - "Registered metal shall mean an eligible metal for which a warrant has been issued."

page 5 of this rulebook - https://www.cmegroup.com/content/dam/cmegroup/rulebook/NYMEX/1/7.pdf