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<p>[QUOTE=&quot;desertgem, post: 2259892, member: 15199&quot;]Before anyone really worries about this please read this&nbsp; article on the subject by Zacks.</p><p><a href="http://finance.zacks.com/can-comex-default-delivery-11599.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://finance.zacks.com/can-comex-default-delivery-11599.html" rel="nofollow">http://finance.zacks.com/can-comex-default-delivery-11599.html</a></p><p><br /></p><p>The main reason there is so little worry about it is as Zacks say</p><p><br /></p><p><br /></p><p>&quot;Another factor concerns the small amount of money needed to trade futures vs. the value of the metal that must be paid for to take delivery. A <b>gold futures contract can be held with an $8,000 margin deposit,</b> but it would <u><b>cost more than $120,000 to take delivery of the 100 ounces of gold specified by the futures.&quot;</b></u></p><p><u><b><br /></b></u></p><p>The 3% that do take delivery are those that require the gold for making something such as jewelry, but they will only contract what they foresee needing in their yearly cycle budget, as it could go up or down before they needed more. The article says that the number of contracts are limited to concerns to see that no one individual/company/ or country could damage a company such as Comex/Nymex.</p><p><br /></p><p>I do believe that most of these bullionist/goldbug articles are pushed by the same people who would love to scuttle the current metal market to increase their own sales, but maybe they are just concerned over us readers.[/QUOTE]</p><p><br /></p>

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