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New 10 oz. gold contract...but you can't take delivery

CaptHenwayCaptHenway Posts: 32,278 ✭✭✭✭✭
in Precious Metals
linky

Cash settlements only.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.

Comments

  • derrybderryb Posts: 37,010 ✭✭✭✭✭
    just what we need, another way to bet on the price of gold.

    I guess it could help drive up the price. Build it and they will come.

    On the other hand, could just be another rat trap.

    Exit bunker, enter Matrix. LOL

  • PerryHallPerryHall Posts: 46,286 ✭✭✭✭✭
    No thanks. I don't need a paper IOU.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • jmski52jmski52 Posts: 22,947 ✭✭✭✭✭
    Let me take you down...

    'Cause I'm going to Strawberry Fields,

    Nothing is Real.

    But it's nothing to get hung about.

    Strawberry Fields, Forever.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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