Last fall there was discussion about how every so often there is a large premium in the Soybean market for physical possesion of beans where farm sales run much higher than the Board of trade prices. 

The question is, do you think a dual market on Gold could develop and is it possible.  Where paper contracts that have a cash settlement option sees waining demand and physical gold comands a substantial premium over the board.  I read somewhere recently that some long gold contract holders were paid a 25% premium to accept cash instead of taking delivery.

Would like to hear your thoughts.