SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Wyätt Gwyön who wrote (27110)2/24/2005 11:03:52 AM
From: ild  Read Replies (1) | Respond to of 110194
 
Futures market is much deeper then GLD (which may change in the future). As of 02/15/05 open interest in futures was 26,258,900 oz and GLD has only about 5,000,000 oz.
In addition as you noted futures are leveraged by default and also have preferred tax treatment. Specs who trade futures can't live without leverage.



To: Wyätt Gwyön who wrote (27110)2/24/2005 11:40:58 PM
From: Square_Dealings  Respond to of 110194
 
<why would anybody buy the futures?>

leverage and you know exactly what you are getting. its not clear with GLD exactly what you get imo. i think there's a fair amount of air in it

m