Precious Metals Investing

WHAT IS COMEX ELIGIBLE GOLD?

WHAT IS COMEX ELIGIBLE GOLD?

The Commodity Exchange, Inc. (COMEX) division of the New York Mercantile Exchange (NYMEX) has warehouses from which investors can take delivery on contracts for gold. The gold held in the vaults is divided into two categories: eligible and registered gold. The eligible gold specified by COMEX is all gold that […]

WHAT IS COMEX REGISTERED GOLD?

WHAT IS COMEX REGISTERED GOLD?

  The Commodity Exchange Inc. (COMEX) is a commodity exchange based out of New York City where buyers and sellers trade precious metals. The Chicago Mercantile Exchange owns COMEX and is the world’s largest options and futures metals exchange.   Currently, COMEX operates a clearinghouse for gold, silver, platinum, palladium, […]