Market pros who do not invest in the instruments in which they trade?

Discussion in 'Professional Trading' started by Crispy, Feb 1, 2011.

  1. Crispy

    Crispy

    No worries!

    The mini GC contract is cash settled only? - I learned something new today.

    Thats a win...
     
    #11     Feb 2, 2011
  2. An ounce and a harf? Big spender! If the gold and the cabin are part of a bug-out plan, I hope you are investing in lead! Also, you should ditch the Krugs and buy Eagles, or whatever doesn't look like funny munny where you live.
     
    #12     Feb 2, 2011
  3. All of the gold contracts are at most usually cash settled.

    This topic has been covered before so I will be brief. A broker whom I know had a customer who tried to get 100 contracts of gold by buying the futures and holding them to expiration. He got 1 contract delivered, and 99 cash-settled. This really ticked off the investor as one lot of gold was a hassle if he couldn't get the rest. Sold it back into the market.
     
    #13     Feb 2, 2011
  4. Goldman Sachs!
     
    #14     Feb 3, 2011
  5. Interesting... I'm wondering how a contract can arbitrarily settle in cash, when that isn't in the contract. The contract specifically has a physical settlement, and therefore the seller should be under contract to make delivery. No?
     
    #15     Feb 24, 2011