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<p>[QUOTE="Juan Blanco, post: 1678471, member: 41665"]See Tyler, you don't know what you're talking about. <i>OF COURSE</i> there are fees associated with taking delivery of a (small) COMEX contract, there's no such thing as a free lunch! That guy spelled it out clearly in 2010: it's probably MORE expensive now. He didn't include the CONTRACT COMMISSION COST either, that didn't get added; I'd <i>presume </i>it's fairly small. Fees, fees, fees...</p><p><br /></p><p>$ 100 fee to Lind-Waldock (broker) </p><p>$ 136 to Scotia Mocatta (depository handling)</p><p>$1,000 fee to Dunbar (licensed courier)</p><p>~$1,236.</p><p><br /></p><p>But it's simply nuts to imagine someone could drive up in his car, to pinch pennies from wholesale/bulk bullion operators... with compliance protocols to follow. Might as well try haggling for lunch at BurgerKing's meat factory! Again: it's pretty obvious you don't know how this works, but no matter: COMEX contracts really aren't designed for 99.99% of CTers and it's a waste of time to bother. </p><p><br /></p><p>We're retail trade, period.[/QUOTE]</p><p><br /></p>
[QUOTE="Juan Blanco, post: 1678471, member: 41665"]See Tyler, you don't know what you're talking about. [I]OF COURSE[/I] there are fees associated with taking delivery of a (small) COMEX contract, there's no such thing as a free lunch! That guy spelled it out clearly in 2010: it's probably MORE expensive now. He didn't include the CONTRACT COMMISSION COST either, that didn't get added; I'd [I]presume [/I]it's fairly small. Fees, fees, fees... $ 100 fee to Lind-Waldock (broker) $ 136 to Scotia Mocatta (depository handling) $1,000 fee to Dunbar (licensed courier) ~$1,236. But it's simply nuts to imagine someone could drive up in his car, to pinch pennies from wholesale/bulk bullion operators... with compliance protocols to follow. Might as well try haggling for lunch at BurgerKing's meat factory! Again: it's pretty obvious you don't know how this works, but no matter: COMEX contracts really aren't designed for 99.99% of CTers and it's a waste of time to bother. We're retail trade, period.[/QUOTE]
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