US Mint Sells Most Physical Gold In Two Years ... and -, page-66

Because derivatives are the easiest vehicles to manipulate by the big players and insiders. They carry the highest counter party risk as well. Fantastic when trades are going your way, but financial disasters when they go against.

Leverage is great if you use it for tangible and productive assets. Derivatives have their role in hedging for risk management as part of a business plan, but so called investing in derivatives is just gambling dressed up in a pinstripe suit. Quick way to the poor house unless you have the inside running, direct access and the highest speed internet connections.

Cheers