Gold "Backwardation"

Discussion in 'Commodity Futures' started by Ghostland, Dec 5, 2008.

  1. nothing like taking a 1000 oz bar of silver down to the 7-11 and asking for change for a bag of chips.

    2.99 over spot for a 9 dollar commodity? are you kidding me?
     
    #11     Dec 6, 2008
  2. I'm sure that a 1 oz gold eagle will do as much good for you as a 1000 oz silver bar at the local 7-11.

    If you want the 1 oz size for a commodity that trades in 1000 oz bars you have to pay a premium for the small size. Not my fault that there are morons willing to pay a premium for small size when they can get large size for small retail markups.
     
    #12     Dec 6, 2008
  3. #13     Dec 22, 2008
  4. I work on a precious metals desk. Anyone who has the money and can prove that they are not a criminal is more than welcome to buy as many millions of ozs of gold from my desk as they want at 2% over spot. Of course... the account must be prefunded. For arguments sake... lets say the max order size would be 50k (ozs) every 5 minutes between 8am-1:30pm unless otherwise accepted on my end... So it would take a couple of hours per million ozs. The thread is nonsense.
     
    #14     Jul 12, 2010
  5. Millions of oz, really? And you have all that in stock?

    LOL
     
    #15     Jul 13, 2010
  6. ddlee

    ddlee

    I agree with Anaconda HAHA
     
    #16     Jul 15, 2010