Gold – the final bubble, page-2123

I don't know whether you are deliberately being misleading or you don't know as much as you claim.

It is a well known fact that only a small ratio of futures contracts ever stand for delivery.

In 2014 on the Comex there were about 4.05b troy ounces of futures traded and only 2.7m troy ounces stood for delivery.

Work out that percentage and it doesn't get close to even 1%.




Here is a link to the total futures traded in 2014 in all categories over all exchanges.

https://fimag.fia.org/articles/2014...-volume-gains-north-america-and-europe-offset

Cheers