Gold Futures: Where to Invest and How to Bypass the Banking System

I have always suspected that true wealth lies not in paper money, but in gold. Recently, I decided to delve into the intricacies of gold futures trading – and here's what I learned.

Gold futures are essentially contracts for the future, where the basis is our beloved yellow treasure. To keep it simple, this is the opportunity to buy or sell gold at a predetermined price without physically owning it. And damn it, it works!

The New York COMEX exchange is the main player in this matter. It's no wonder that Americans have their finger on the golden pulse of the world. One lot there consists of 100 ounces of pure metal (99.5%). There is also a mini-version – 50 ounces for those who are less affluent. Trading goes on almost around the clock – 23 hours a day! Only from 5:15 to 6:00 AM local time can traders take a breath.

I was especially impressed by the Shanghai Futures Exchange. The Chinese are not falling behind – one lot there consists of one kilogram of gold. They use leverage of about 7 times – risky guys! The minimum fluctuation is only 0.02 yuan per gram.

It's funny, but the exchanges themselves do not participate in trading. They simply create the rules of the game and ensure "fairness". But we understand whose fairness it is and who benefits from it!

To start trading, you need to open an account with a futures broker. Profit is made from the price difference when entering and exiting. If you hold until the end of the term – be prepared to receive actual metal. Although, to be honest, few people reach physical delivery.

Currently, gold is trading at 3846.80 on the Moscow Exchange – up from the last close. Over the year, the price has jumped by a whole 45%! I don't know about you, but I see this as a great alternative to Western financial instruments. After all, gold is true freedom from the banking system!