12-31-2021, 06:49 PM
(12-31-2021, 12:11 AM)TheRealFung Wrote: You may as well be trading DXY.
(12-31-2021, 03:11 PM)TheRealFung Wrote: There is no underlying actual "thing" there is no Corn produced no Wheat produced no Gold/Silver delivery.
It is a Ponzi Scheme. I hope you make money out of it though cos I have made money out of Ponzi Schemes.
Just never rely on it. You are gambling.
(12-31-2021, 05:50 PM)TheRealFung Wrote: But it is essentially a gamble.
Trade Corn or Wheat or Metals you degenerates!
They are actual THINGS!
lol. so you can't just trade actual corn or wheat unless you're at a farmer's market, and you'd probably get kicked out for running around from booth to booth trying to arbitrage. the financial instruments traded under the guise of being a commodity like corn or wheat are not actual things, they are in fact USD denominated gambling contracts. the entire derivative system is a huge ponzi scheme, one that will collapse in 2022. same thing with paper contracts for metals. i do own a stack of silver. it's made basically no profits, whereas my crypto shenanigans refuse to stop giving me profits.
you are not thinking on a logically consistent basis. you don't seem to realize that ALL fiat is going to shit in 2022. evergrande missed its second batch of payments cementing the default. the bond market is fucked, the derivative market is fucked, the fiat system is fucked. the only option is physical metals and good crypto projects. if you don't realize this, you are not going to make it.