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<p>[QUOTE=&quot;desertgem, post: 1698621, member: 15199&quot;]You can&#039;t just settle a contract with delivery&nbsp; UNLESS you have purchased such a contract, and very few do so. As a contract is for 100 oz. of gold X contract price for May about 1453.60, it will cost you 145,360 + commission. Put that up and you can get your 100 oz. of gold when you pay fees to have it delivered by guarded transport and any storage fees. Of course it could be worth $1200 oz and you would have lost 25,000. For a much much smaller fee , you can buy options on gold contract, and you cost will be limited and fixed at that time. If gold goes to $1200, you just lost the option cost. If it goes to $2000, and then the option will reflect the increase, and you have more paper dollars. The Physical delivery has no leverage, but if one is &quot;Daddy Big Bucks&quot; they can play the physical game. Only those who actually need the gold at a certain date ( jewelers, coiners, etc.) would actually risk more loss when they play the leveraged game.&nbsp; JPM has no difficulty buying or selling physical gold as they have deep resources, The gold bullion bloggers most likely do not.[/QUOTE]</p><p><br /></p>

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