by Recyclersteve » Sat Oct 23, 2021 9:23 pm
In fairness, people were paid some pretty impressive sums to do a cash settlement instead of taking physical. I believe the premiums on silver bars were in the order of 20-30%. The problem with everyone demanding to take physical possession is that the exchange can declare a “force majuere” situation, which is similar to bankruptcy.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.