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What is the Real Purpose of the Gold Futures Market?

By smaulgld   Jan 8, 11:54am   446 views   4 comments   watch (0)   quote

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1   marcus   Jan 8, 12:01pm     ↑ like   ↓ dislike   quote    

One guys comment in 1974 from which you infer the reason gold futures exist ?

The reason is it was totally natural once owning gold was legal, to have gold futures contracts for hedging and or speculation. A contract is successful if enough people trade it to make it a liquid market (i.e. the bid offer spread can usually be maintained as small). It was successful becasue a lot of people traded them.

That guys comment is irrelevant.

2   Bellingham Bill   Jan 8, 1:04pm     ↑ like   ↓ dislike   quote    

I've got some cash sitting in one of my IRAs, looks like a silver ETF might be a better place for it.

Gold has quadrupled since 2000 but silver has only tripled . . .

3   marcus   Jan 8, 1:46pm     ↑ like   ↓ dislike   quote    

Might be a good idea. WE know Trump wants inflation. On the other hand some predict deflation at some point.

4   Bellingham Bill   Jan 9, 6:08pm     ↑ like   ↓ dislike   quote    

marcus says

On the other hand some predict deflation at some point.

I'd LOVE deflation, since I still have to buy a #$*%# house this #$*%# decade.

picked up some SLV, hope it goes down : )

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