How does it work if you want to get it delivered to your house or something?
2006-06-13 11:16:27 · 2 answers · asked by yeflux 1 in Business & Finance ➔ Investing
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.
2006-06-13 12:17:07 · answer #1 · answered by dredude52 6 · 0⤊ 1⤋
All firms will arrange delivery, however taking delivery can be a costly procedure and it involves a warehouse receipt. It is not delivered to you home but rather stored in a warehouse. For more info contact the people at http://www.comoditytrader.ca a reputable Canadian broker.
2006-06-19 06:45:19 · answer #2 · answered by Marty H 1 · 0⤊ 0⤋