✍️ Did you know that over 95% of gold trading is contracts and not real gold?
Approximately 95% – 98% are futures and derivatives, and only 2% – 5% is actual physical gold. Therefore, the idea that it rises strongly and crashes strongly is just a number on the Comex exchange; less than 3% of contracts result in actual gold delivery, and 97% are closed financially 🙃
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
✍️ Did you know that over 95% of gold trading is contracts and not real gold?
Approximately 95% – 98% are futures and derivatives,
and only 2% – 5% is actual physical gold.
Therefore, the idea that it rises strongly and crashes strongly is just a number on the Comex exchange; less than 3% of contracts result in actual gold delivery, and 97% are closed financially 🙃