Gold. GOLD!!!!! Gooooollllllllllddddddd!!!!!!!!

Harrekin

Harrekin

Well-Known Member
tokeprep said:
Oh? Where does the settlement procedure say that?

I'm asking you for links because the contract I looked at--the one you said had no physical settlement--doesn't even provide for anything else.
Click to expand...
You know the trading date ends before the settlement, which is generally months before the mythical "delivery" takes place.

It doesn't happen, you either get a cash settlement or a rollover, delivery NEVER HAPPENS.

Why are you so pig-headed about this? Paper markets unnaturally manipulate the price of physicals without regard to physical demand. Silver is still low yet India has already bought about 10-15% of all silver MINED this year.

TokenprepforbankruptcyifyoulistentowhatIsay strikes back!
 
T

tokeprep

Well-Known Member
Harrekin said:
You know the trading date ends before the settlement, which is generally months before the mythical "delivery" takes place.

It doesn't happen, you either get a cash settlement or a rollover, delivery NEVER HAPPENS.
Click to expand...
According to what?

Why are you so pig-headed about this? Paper markets unnaturally manipulate the price of physicals without regard to physical demand. Silver is still low yet India has already bought about 10-15% of all silver MINED this year.

TokenprepforbankruptcyifyoulistentowhatIsay strikes back!
Click to expand...
I just want more than your word for it. Why you can't you provide me with a scrap of anything?
 
Harrekin

Harrekin

Well-Known Member
tokeprep said:
According to what?



I just want more than your word for it. Why you can't you provide me with a scrap of anything?
Click to expand...
A scrap?

Lol.

What is your paper fetish?

Find the info yourself, it's all readily available and more than obvious if you'd ever even known anyone who dealt in them.

But Tokenprep, our (amateur) professional trader knows better.

Btw, I wouldn't spend my money on stupid paper that says I "might" own gold at some stage in the future, I buy the metals themselves.
 
T

tokeprep

Well-Known Member
Harrekin said:
A scrap?

Lol.

What is your paper fetish?

Find the info yourself, it's all readily available and more than obvious if you'd ever even known anyone who dealt in them.

But Tokenprep, our (amateur) professional trader knows better.

Btw, I wouldn't spend my money on stupid paper that says I "might" own gold at some stage in the future, I buy the metals themselves.
Click to expand...
I'm looking at the contract right now, and it's not in there. Sorry, try again.
 
T

tokeprep

Well-Known Member
Harrekin said:
And if it said "Not Redeemable for physical Gold" right on the contract do you think it'd be worth anything?

You're so fucking stupid.
Click to expand...
It seems to me you're just confused about the process of trading. Yes, the contract might change hands 1,000 times before it matures, yes cash profit and loss might be taken 1,000 times, but in the end someone is holding the contract and taking the physical delivery in accordance with the physical gold delivery procedure. I see no other settlement option in the contract. If you've got something that says otherwise, by all means, let's see it.
 
S

SlaveNoMore

Active Member
I waited also. I think silver will see 15 eventually but I will start buying at 16. May take a couple of months but I think it will get there.
 
Harrekin

Harrekin

Well-Known Member
tokeprep said:
It seems to me you're just confused about the process of trading. Yes, the contract might change hands 1,000 times before it matures, yes cash profit and loss might be taken 1,000 times, but in the end someone is holding the contract and taking the physical delivery in accordance with the physical gold delivery procedure. I see no other settlement option in the contract. If you've got something that says otherwise, by all means, let's see it.
Click to expand...
Iv got a certificate that says "Tokenprep hasn't a clue, he's a useless fucking poser".

Can I take delivery on that?
 
You must log in or register to reply here.
Top