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CME to offer 1-oz gold futures contract

derrybderryb Posts: 38,418 ✭✭✭✭✭
edited December 9, 2024 10:00PM in Precious Metals

More paper gold

No metal delivery, settled in cash only. But, it could drive demand for the real stuff.

"This imbalance (paper vs. metal) poses several concerns, chief among them the heightened risk of a future run on physical gold. Such a scenario could see the price of scarce physical gold soar while the value of paper gold plummets, creating a significant market shock."

When gold and silver move together, it signals the coming end of fiat money.

Comments

  • jmski52jmski52 Posts: 23,866 ✭✭✭✭✭

    blitz's wetdream!

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • blitzdudeblitzdude Posts: 7,411 ✭✭✭✭✭

    Papper gutter yes, paper gold not so much. RGDS!

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™
    Wooooha! Did someone just say it's officially "TACO™" Tuesday????
    Retiring at 55, what day is today? :sunglasses:

  • jmski52jmski52 Posts: 23,866 ✭✭✭✭✭
    edited December 10, 2024 11:40AM

    Papper gutter yes, paper gold not so much

    Please explain. Why not? Haven't you been saying how easy and fast it is to trade paper silver? Why not paper gold?

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • blitzdudeblitzdude Posts: 7,411 ✭✭✭✭✭

    @jmski52 said:
    Papper gutter yes, paper gold not so much

    Please explain. Why not? Haven't you been saying how easy and fast it is to trade paper silver? Why not paper gold?

    Because the Au is a lifelong investment, it is USUALLY not for sale. The gutter must be traded frequently to realize any value. Trading physical is hardly worth the effort once premiums and limited buyers are factored in. RGDS!

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™
    Wooooha! Did someone just say it's officially "TACO™" Tuesday????
    Retiring at 55, what day is today? :sunglasses:

  • MsMorrisineMsMorrisine Posts: 38,213 ✭✭✭✭✭

    https://www.cmegroup.com/media-room/press-releases/2024/12/05/cme_group_to_launch1-ouncegoldfuturestomeetsurgingretaildemand.html

    CME Group to Launch 1-Ounce Gold Futures to Meet Surging Retail Demand

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • MsMorrisineMsMorrisine Posts: 38,213 ✭✭✭✭✭

    https://www.cmegroup.com/markets/metals/precious/e-micro-gold.contractSpecs.html

    Micro Gold Futures - Contract Specs

    deliverable 10 ounce contract

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • GoldFinger1969GoldFinger1969 Posts: 3,269 ✭✭✭✭✭

    I don't know what the "ratio" means. You would never have actual bars of gold trading hands on the COMEX.

  • dcarrdcarr Posts: 9,842 ✭✭✭✭✭

    @blitzdude said:

    @jmski52 said:
    Papper gutter yes, paper gold not so much

    Please explain. Why not? Haven't you been saying how easy and fast it is to trade paper silver? Why not paper gold?

    Because the Au is a lifelong investment, it is USUALLY not for sale. The gutter must be traded frequently to realize any value. Trading physical is hardly worth the effort once premiums and limited buyers are factored in. RGDS!

    .

    High-frequency trading of a paper proxy (such as SLV) is nothing more than gambling.
    If you like to gamble, then fine. But you are NOT the "House".

    Physical silver can be a long-term hold just as well as gold or other things.
    Just buy it when the price is less volatile and avoid the up spikes and paper proxies (SLV).

    .

    Moonlight Mint
  • jmski52jmski52 Posts: 23,866 ✭✭✭✭✭

    must be traded frequently to realize any value

    That's not what my spreadsheet indicates.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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