[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 55 KB, 655x415, silver jeezy.jpg [View same] [iqdb] [saucenao] [google]
18269106 No.18269106 [Reply] [Original]

So if physical and paper silver spread is so high, why couldn't you buy future contract and let it expire and not roll over to next month? This would theoretically mean that brokerage should execute physical delivery of silver to you.

>> No.18269328

They will just pay you cash. The whole thing is stupid and does not reflect physical reality.

>> No.18269790

>>18269328
Sure, most brokers will probably only allow cash settlement and nobody would allow average retail investor to settle his 500$ position with physical delivery. But if this spread is so huge, like /biz/ says it is, wouldn't every institutional commodity trader (especially ones dealing with cash side of business) would be jumping on this?

>> No.18269882

Just buy those silver niggers you retard. You'll make a shitload of money selling them to Africans as the new improved nigger race

>> No.18270299

>>18269882
Better yet, I will sell it to fags in /pmg/ for 100% premium

>> No.18270652

They don't allow you to settle in physical, they just give you fiat.

>> No.18271219

>>18270652
Sure, that's probably true for most retail brokers.But, CME has rules for physical delivery of PM contracts, there are brokers who allow you to set up cash accounts.

>> No.18271490
File: 3 KB, 225x225, images.jpg [View same] [iqdb] [saucenao] [google]
18271490

Silver is a scam and can be replaced by platinum.

>> No.18271582

Unless it's in your drawer or safe, you don't own it, period.

If you can't get your hands on coins, rounds or bars, you are unironically better off hitting up your local jewellery store than buying "paper" gold or silver. There is no such thing.

>> No.18271636

>>18271582
Can you buy silver niggers there though

>> No.18271681

where do I buy silver niggers?

>> No.18271807

>>18271582
You would have it in your fucking drawer when brokerage would deliver it. And it would be same 0.999 silver you retards have been buying at APMEX for 28 USD/oz just for 14.5 USD/oz + whatever CIF costs you need to pay

>> No.18272361

>>18271807
>You would have it in your fucking drawer when brokerage would deliver it. And it would be same 0.999 silver you retards have been buying at APMEX for 28 USD/oz just for 14.5 USD/oz + whatever CIF costs you need to pay
My dude, do you trade futures? If so, can you enlighten us to what the minimum amount is to qualify for physical delivery for settlement?

>> No.18273599

>>18272361
One silver nigger?

>> No.18273759

>>18272361
I wanna know as well. And if certified futures trader can't even get physical delivery, what the fuck is even happening?

>> No.18274181

>>18273759
It's all fun on games being a big man on four channel until you realize the minimum delivery requirement is close to a million dollars shipped and insured.

>> No.18274381

>>18272361
It probably varies depending on broker, I would think. However, you need to remember that 1 silver futures contract is 5000 oz of silver and no one would allow you to buy and physically settle anything lower than that.

And sure no one on this board has 70k USD to spend on futures contract, but if premiums were at least fraction of what you fags are saying they are now, every commodity trader with couple of mills to spare would be jumping on this. So my point is that there probably is no substantial premium for physical silver, it's just that retailers like APMEX artificially dried up supply to scam people like you into paying large premium for their shit, because they don't want to sell at a loss.