Tuesday, August 4, 2015

I.O.U. or the Real Thing?


The number of the gold open interest on Comex is 123 times the actual gold available for delivery.

Problem?

Mmm, maybe.

I wonder what happens if people take delivery?

1 comment:

  1. Comex is not an exchange where traders play to take physical delivery of gold, however. That is a distinction which belongs to the Shanghai gold exchange.

    https://smaulgld.com/comex-gold-deliveries-vs-shanghai-gold-exchange/

    ReplyDelete

Observe the house rules.