Our valued subscribers know how MacDougal feels about hedging against hyperinflation with gold: the Crime Families will game an atmosphere of price insanity into the markets to rip your wallet right out of your pants. Here's what goes on in normal times, as one small trader tells it anyway. Common knowledge has long held that 90% of futures traders (us) lose to the other 10% (them), but the explanation for that has never been laid out quite as clearly as observed in the piece linked below.
We can't help noting that the futures racket uses rules that unfairly stack the odds against the small guy, a lot like no-limit poker, and it's their unfair rules, not price swings, that take the naive down. Because inexperienced traders have never read about all the victims getting duped here, each generation of losers simply won't believe that the American legal system lets a criminal element in the financial markets pull off calamari as sick as this, and our media hotshots ignore that one like the plague.
http://seekingalpha.com/article/1365351-physical-gold-vs-paper-gold-the-ultimate-disconnect?source=email_macro_view&ifp=0
