Thesis change time? Gold approaching $760

[ASH]

Re: Thesis change time? Gold approaching $760

Since you asked....

Thanks. I think I missed that post earlier somehow.

[nickz34]

Re: Thesis change time? Gold approaching $760

Ash -It never crossed my mind. Apart from the white knuckle ride from losing 30+% of my net worth in PM's in recent months (mostly fickle lady silver) I am also keeping both mitts gripped to the steering wheel at my job to make sure we don't wind up in the ditch or that I personally wind up in the ditch and they drive off without me. I've been a little "distracted" guy. As for the importing, I have the clear impression you can indeed order a mini-contract right here in the US. The importing would seem to me an extraordinarily costly and cumbersome endeavor. I ship everywhere worldwide via a steeply discounted contract with DHL, light goods, and they are eating us alive on "fuel surcharges".

Best wishes for your service deferment.

After researching this topic last week, I have determined that the 1KG mini-contract CAN NOT be settled with physical delivery. If you settle the trade and "take delivery" - you receive a certificate that states your "ownership" of 1KG of gold. But you are not entitled to actual delivery.

With respect to the Comex 100 ounce contract, you ARE allowed to take delivery of the physical. But to do so, you must jump through more than several hoops which appear confusing at best.

Nick