Loading ...How much gold is a standard contract? -deadeye
1 contract = 100 troy ounces
JP Morgan took delivery on 1, 162,800 troy ounces or
79,753 lbs of Gold or
36.18 metric tonnes of Gold
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From our Banker:
"There is only a relatively small group of investors who very seriously believe that there is a high level of risk that the (financial) system could break down. You only need a relatively small group to believe this to move the price of gold." In other words, the metal's price behavior reflects the trivial obsessions of a discredited fraction of investment opinion.
-Alan Greenspan
-Alan Greenspan