RiverSheep: "Putting 5 minutes into understanding future market will go a long way. Have a look at comex gold future specifications. The settlement says it all: physical. You get delivered REAL gold when the future expires. How are they NOT backed by real gold? Shorters of future contracts are obliged to deliver the gold to those long future holders upon expiry."
My comment: Your post indicates exactly that - "5 minutes into understanding" the gold market. .
