jpmorgan's eligible gold plummets 65% in 1 day, page-9

Timber. Two lessons back to back. Thanks

I was reading last night and came across a pretty cool metric. It was a ratio of open futures contracts to comex gold held. The ratio is currently 19%. That is if all open contracts were fulfilled there is only 19% of gold. 81% of paper gold holders miss out

Timber what is odd is how you say the clearing house will go into the market and fulfill. What if there is not 5 times their current gold holdings available to buy?

But note the 19% fractional metric is about average over the last 15 years. I saw low of 9% and high of 23%. Also I read only 2-4% of contracts ever actually settle. So it is not panic stage yet

But let us say open contracts want delivery. Similar to if 20% of bank depositors want their money back. In both cases it simply ain't there

What is funny is that the way timber explained, I will be better to have money in etf gold rather than a bank. At least the clearing house will represent me financially. Who represented the Cyprus people.