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>> No.29248057 [View]
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29248057

i think we should just abolish the term and concept of 'premiums' over spot when talking about prices.
'spot' should be the speculative futures contract price and should be referred to as 'discount' rate separate from the real street 'price' of bullion.
the discount is there to compensate you, the holder, of the risk of counterparty default on the COOMEX and the non-fulfillment of physical delivery per the contract at the specified timeframe.

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