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**Quonuttott** · 02-08-2012, 11:51 PM

Did you speak to him about the issue of taking physical delivery from COMEX, apart from his experience with MotherFucking Global. I mean even though he made a mistake by associating with them, which any of us could do. His idea was to take delivery on a gold contract. Didn't he see any risks of COMEX default? I mean he could have just bought 100 t.oz of gold from a reputable dealer with a not to big premium, and gotten it delivered immediatelly...

I didn't ask about this, but I suspect he was avoiding any dealer markups. If I had more than $100k to buy gold, I might do the same thing.

02-08-2012, 11:51 PM	#10
Quonuttott Join Date Oct 2005 Posts 434 Senior Member	Did you speak to him about the issue of taking physical delivery from COMEX, apart from his experience with MotherFucking Global. I mean even though he made a mistake by associating with them, which any of us could do. His idea was to take delivery on a gold contract. Didn't he see any risks of COMEX default? I mean he could have just bought 100 t.oz of gold from a reputable dealer with a not to big premium, and gotten it delivered immediatelly... I didn't ask about this, but I suspect he was avoiding any dealer markups. If I had more than $100k to buy gold, I might do the same thing.
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