Phil Streible with Blue Line Futures discusses Gold, Silver, Copper, Platinum, and other commodity topics.
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Originally Posted April 22, 2025
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Can your org purchase large quantities of gold and silver. I have 3 rolls of maple leaf gold coins 1 ounce gold and 20 coins per roll. Additionally I have up to 2,000 ounces of various silver coins.
Hello, thank you for asking. Clients of IBLLC will be able to make and take delivery of COMEX Precious Metals Futures, specifically Gold (GC), Silver (SI) and the corresponding micro contracts for Gold (MGC) and Silver (SIL). Physical delivery, in this context, is represented by the delivery-versus-payment of a registered electronic warrant or an Accumulated Certificate of Exchange (“ACE”) for each full size or E-micro futures contract. At this time, we do not facilitate the process (known as “Cancel for Load Out”) for clients to take delivery of the physical COMEX Precious metals. Load Out is the process for removing the physical metal from the COMEX Depository to another approved storage facility, where the client can then arrange to pick up the Gold or Silver. Physical Delivery in this context represents obtaining a registered Warrant or Accumulated Certificate of Exchange (ACE). Please review this User Guide: https://www.ibkrguides.com/kb/phys-delivery-comex-metals-futures.htm
To view what forms of gold delivery are offered, please view: https://www.interactivebrokers.com/faq?id=154832217
For more information, please review this User Guide: https://www.ibkrguides.com/kb/faqs-phys-delivery-us-spot-gold.htm