futures commodities
March 14th, 2010 by admin
Which is the best online broker that will let you take delivery of commodities futures like for Gold futures?
How does it work if you want to get it delivered to your house or something?
All brokers must allow you to take delivery because that condition is in the terms of the contract. All futures “contracts” spell out these terms.
Each commodity has a specified delivery point, or several, like oil delivery can be accepted in K.C., MO or Cushing,OK.
You can get delivery, but it will certainly not be to your front door. I have a friend that accepted delivery on gold, and he hired a bonded (and armded) guard to accompany him from the CBOT to the bank for deposit.
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