Started with good intentions eg farmers hedging sot commodities.. eventually abused by banks hedging there fait and debt expansion as the elite owners use first mover advantage to sift out physical assets as price inflation lag kicks in for the rest of us.
Miners hedging is legitimate but they do this sales by locking in a price .. gold does not expire nor silver.. derivatives to distort price, supply and demand fundamentals... This is bad for miners when price is artificially low.
