Commodity Trade Mantra

Posts Tagged ‘Physical Gold Delivery’

Deutsche Bank Refuses Delivery Of Physical Gold Upon Demand

What was supposedly an ETC which promised physical delivery upon demand, is nothing more than yet another “paper only” play. Is the inability to deliver physical gold an incipient issue with Xetra-Gold, or Deutsche Bank, and if the latter is suddenly unable to satisfy even the smallest of delivery requests by retail clients, just how unprecedented is the global physical gold shortage?

The Fed Bailed Out The Comex With Hypothecated Gold

COMEX clearing members had gotten themselves to the edge of a widespread default on physical gold delivery obligations. That same day, JPMorgan transferred 177,402 troy ounces of gold into COMEX registered gold stockpiles – just enough to cover the shortfall. Did JPMorgan Chase just engage in a bailout?

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