RiverSheepYou really don't understand at all. Im not confusing...

RiverSheep

You really don't understand at all. Im not confusing GLD with COMEX. The part you don't understand is because of a CTFC amendment to the COMEX rules anyone claiming a redemption via COMMEX can be paid our in cash or with interest in another similar ETF such as GLD or any other similar etf/etp or a combination. Whats so hard to understand about that for you. I can post the CTFC amendment if you like but I don't think you would understand it.
Current wait period is 6 weeks and longer now. Because of the number of ounces involved in a redemption its not really small money. GLD from what Ive read has refused to pay some customers in Gold, have a read of King World news.

You need to go to comex and find out for yourself whats involved in a GOLD redemption such as the minimum no of ounces you can redeem. Or just ask on this site before you start telling people how you think it works.