RE: segie marcov25 Jan 2023 22:33
Gold
Taken from the hoc bb news to me!
Selling short is legal i.e. one is betting on a decrease in the price. For gold however, it is no longer legal to sell short paper certificates for gold unless one holds 85 per cent backing of physical gold (need to check 85 per cent). Prior to 27th Dec 2022 it was 0 per cent. This does not apply to silver etc. In my opinion it is not the Fed rigging the market - they are just dim-witted - but your average bullion dealer who does not want the price to go up too much as it would be bad for business