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

CaptHenwayCaptHenway Posts: 32,115 ✭✭✭✭✭
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: 36,792 ✭✭✭✭✭
    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.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • PerryHallPerryHall Posts: 46,111 ✭✭✭✭✭
    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: 22,822 ✭✭✭✭✭
    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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