Permanent Portfolio Forum
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https://www.gyroscopicinvesting.com/forum/viewtopic.php?t=13246
Same as for stocks, Futures/Options (cash settled markets). London Metals Exchange is cash settled, you could walk in with enough to buy up all of the gold in the world and have that order filled. The national debt clock https://usdebtclock.org/gold-precious-metals.html suggests there's 128 times more paper gold than physical gold, that 129 recent figure would just increase to 130. Fiat gold so to speak. A primary reason why many say you should only have your gold in-hand (if a crunch did occur there'd be 129 claims to each ounce of gold, either that's a 1/129th ounce each, or one gets the ounce (the one who already holds it) and 128 others are left with nothing). IF that were to occur then the global financial system/social unrest would likely be unstable/busted such that collectively there'd be massive effort to avoid/work around that. Could happen, likely wont happen, and as such derivative based versions of gold (paper gold) is reasonably safe, just not as safe as physical in-hand (that has its own distinct/separate risks).boglerdude wrote: ↑Tue Sep 17, 2024 1:04 am Who is loaning out the $ for all these leveraged ETFs
https://www.bogleheads.org/forum/viewtopic.php?t=364933