timmus0382 wrote:Oh now I see, so they make it unrealistic for the average person to be able to accept delivery by setting the entry so high. If it were more like 100 shares/ounces they wouldn’t be able to supply the demand and would be losing their shirt in a market like this. Plus making the delivery a door stop bar also makes it unrealistic for the average person to take delivery, one because those bars can be easily manipulated and two a thousand ounce bar is hard to trade or sell. I know I would not trade a thousand rounds for one thousand ounce bar, it’s just too risky. But I guess everything I have to say is based on the fact that I am small potatoes.
By the same token, if you were high net worth, taking delivery of 50,000 one-ouncers would not exactly be practical (and you almost certainly couldn't find that many in one place, anywhere). For financial institutions and high-net-worth people, 100 and 1,000 ounce bars are really the only way to go. A 1,000 ounce bar is "only" $48,000 or so - small potatoes in the world of high finance.
