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Started by wglassfo - March 25, 2020, 9:39 a.m.

I have been warning for some time to not hold wealth in paper gold

As of April 1st UBS is requesting all paper contracts be sold and you can not request physical gold

The reason you can not request physical gold is because there is not enough available gold to cover the paper contracts

If you don't sell, the selling will be done for you at the market bid

I would also advice anybody holding paper contracts to immediately contact your broker as to your need to exit, or not exit your paper futures and ETF's

There may be some difference with different brokerages and the new rules may not apply to everybody

I would also appreciate anybody who has more information to chime in as I do not want to spread false news

If we don't have anybody trading gold of gold futures, on the forum, please let me know, with no reply, as I am wasting my time

If you are interested please reply or I will stop with the gold posting


Re: Gold
By Richard - March 25, 2020, 11:46 a.m.
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I read your posts, so continue.