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Comex vs The Shanghai Gold Exchange

1 post / 0 new
#1 Sat, Feb 7, 2015 - 8:42pm
hampton, NH
Joined: Jun 24, 2013

Comex vs The Shanghai Gold Exchange

Comex is a place where traders sell gold they don’t have to people who don’t want to take delivery. A Comex default, therefore, is highly unlikely because the traders there know its all about exposure to the price of gold, not the taking of delivery of it. The Shanghai Gold Exchange in contrast, is all about taking delivery of physical gold. Here is a chart showing the difference in physical gold deliveries on the Comex and the Shanghai Gold Exchange


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