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<p>[QUOTE="desertgem, post: 2792210, member: 15199"]With options, the exchange as well as the broker, must maintain offsetting amount of calls and puts options to cancel each other out at any duration of option expiration or buy/sell transaction, plus vigor , transaction fee or margin. You can not take delivery with options, for that you need future contracts. and here is a decent article explaining contracts, again they offset. Changes in the system occurred after the Hunts figured it out a long time ago. One can not take delivery of physical gold at the last time period unless they have paid the full price, or deposited the full amount of gold ( Some large users of gold, deposit excess with the exchange , and later withdraw it for use, or sell if gold has gone up sustanctially...after all it is protected by the exchange.</p><p><a href="https://www.bullionvault.com/gold-news/comex-gold-stocks-072420136" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.bullionvault.com/gold-news/comex-gold-stocks-072420136" rel="nofollow">https://www.bullionvault.com/gold-news/comex-gold-stocks-072420136</a></p><p><br /></p><p>This premise is often used when financial stability may seem rocky, but only exchanges, brokers that 'double sold' contracts or options and couldn't pay out when crashes occur got zapped. IMO</p><p><br /></p><p><br /></p><p><br /></p><p>And they can only declare for physical delivery before the last cut off date in the last month ( I think the first week, but one should check), so its not a one-day or one week action.[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 2792210, member: 15199"]With options, the exchange as well as the broker, must maintain offsetting amount of calls and puts options to cancel each other out at any duration of option expiration or buy/sell transaction, plus vigor , transaction fee or margin. You can not take delivery with options, for that you need future contracts. and here is a decent article explaining contracts, again they offset. Changes in the system occurred after the Hunts figured it out a long time ago. One can not take delivery of physical gold at the last time period unless they have paid the full price, or deposited the full amount of gold ( Some large users of gold, deposit excess with the exchange , and later withdraw it for use, or sell if gold has gone up sustanctially...after all it is protected by the exchange. [url]https://www.bullionvault.com/gold-news/comex-gold-stocks-072420136[/url] This premise is often used when financial stability may seem rocky, but only exchanges, brokers that 'double sold' contracts or options and couldn't pay out when crashes occur got zapped. IMO And they can only declare for physical delivery before the last cut off date in the last month ( I think the first week, but one should check), so its not a one-day or one week action.[/QUOTE]
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Gold bottom and what to do when we get there
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