logoalt Hacker News

JumpCrisscrosstoday at 11:51 AM0 repliesview on HN

> there are thousands of traders that make sure the gold price is the same globally so nobody had to “move” their gold

Physical versus contract differences are real and require moving the actual gold. What most users do is sell deliverable where they want it out and then buy contracts or deliverable where they want it and then let the market figure out how to move gold around to settle. (It probably won’t involve moving gold from where you had it to where you want it unless you’re in a cohort.)