CME to offer 1-ounce gold futures to divert retail demand from real metal

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CME Group Inc. will start offering a one-ounce gold futures contract in January to meet surging demand from retail investors amid bullion’s record-breaking rally.
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The futures contract will be available starting Jan. 13, pending regulatory review, the Chicago-based exchange said Thursday in a statement. ...

CME to Offer One-Ounce Gold Futures to Meet Surging Demand From Retail Traders

(Bloomberg) -- CME Group Inc. will start offering a one-ounce gold futures contract in January to meet surging demand from retail investors amid bullion’s record-breaking rally.Most Read from BloombergKansas City Looks Back on its Long, Costly Ride With MicrotransitNYC’s Run-Down Bus Terminal...

au.finance.yahoo.com

Why would anyone buy this rather than physical?

 

[Voodoo]

That was my first thought, Why in the F would I want to put my money in that POS? However, they do allow you to margin it so you could buy that for probably a couple hundred dollars.

They Need MOAR money into their scams in order to keep em going, that's what I think is happening.

 

[Voodoo]

Isn't it curious that they are Trying to get more people into Gold and Bitcoin. Tells me a lot. Not a peep on silver. Silver is their Achilles heel.

 

[Fatrat]

Can we short it too? To counter swings in the market...

 

[nickndfl]

I remember when AGEs came out in 1986 and the government made sure they were IRA eligible. Since the IRS clarification last week on cap gains taxes it makes tax deferral moot.