Is there a shortage of physical gold?
With spot gold trading near $1,260 US, veteran trader Tres Knippa says investors should consider accumulating physical gold to take advantage of a delivery squeeze.
Pointing to recent Comex futures data, Knippa says there may not be enough gold to go around if everyone with a futures contract insists on taking delivery of physical bullion. He believes gold shot through $1,900 in 2011 before plunging last year because of an explosion in the amount of gold futures contracts – setting up separate markets for “real” and “paper” gold. Sultan Ameerali, BNN.ca staff
1:18 PM, E.T. | January 17, 2014
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