People who don't actually want to take delivery of it, but just want to trade it on paper in hopes that they can buy/sell it to someone else before they have to take delivery.
Interestingly enough, the 1958 Onion Futures Act was passed after two traders cornered the market in physical onions and onion-futures contracts listed on the Chicago Mercantile Exchange. Onions are still the only agricultural commodity in which the U.S. bans futures trading.
The guy who end up taking delivery of 50 boxes of onions figured out too late it was 50 railroad box cars and ended up crying just at the sight of them.
Who the hell would buy paper silver
People who don't actually want to take delivery of it, but just want to trade it on paper in hopes that they can buy/sell it to someone else before they have to take delivery.
Interestingly enough, the 1958 Onion Futures Act was passed after two traders cornered the market in physical onions and onion-futures contracts listed on the Chicago Mercantile Exchange. Onions are still the only agricultural commodity in which the U.S. bans futures trading.
The guy who end up taking delivery of 50 boxes of onions figured out too late it was 50 railroad box cars and ended up crying just at the sight of them.
People dumb enough to pay money for it.
I need to get in the businesses of selling bridges
They've been suppressing precious metals for ages now.
Don't know much about stocks but if they are projecting fear, it's time to press the attack.