energyi
How big does the derivatives market need to be before the price starts to be governed by physical gold? I assume that when the derivates were introduced they could be used to push the price around. At some time however three ounces of credit and two ounces of debt would start to cause problems about who actually gets the one ounce of physical gold.
Have we reached the point where some of the derivatives get unwound and injuries occur? A debtor who cannot pay and a creditor who looses his investment ...