Loading ...As a layman here on futures contracts, and hearing that 90% or more never make or take delivery, can’t we assume that 90% or more of the contracts are just phantom contracts? Just created for the outside players that aren’t serious or actual producers or consumers of the product?
The system is constantly creating various new and different “games” for people to gamble with. ETFs I think are the most recent. Remember when the schemers created GLD and SLV??? We didn’t like it.
It allowed stupid innocent little people, non Gold bugs to contribute money to a gold hoard, but only the biggest players like Banks are able to redeem shares, and withdraw the under priced gold.