I gather from your omission answering the question about "bilateral EFT contracts" that you should have posted or meant "bilateral EFP contracts". Is that correct?
Now, a very important point to note with EFPs is that they do not mean that every EFP contract registered means that an exchange for physical gold is going to or already has occurred.
EFPs also include exchanging shares in gold EFTs. They also include many "sham" contracts were no physical anything changing. They can also can include a quantity or number of futures contracts changing as part of the physical changing of gold bullion or ETF shares.
So, back to the other thread whereby you calculated a massive amount of physical gold tonnage connected to EFPs. That calculation is clearly wrong and misleading as I tried pointing out to you.
