It is when you buy and sell gold. The thing about this is though, you don't have to pay in full up front or hand over the gold up front. On the settlement day is the exchange happens. This usually happens 3 months in the future.
COMEX gold futures can be traded online via a number of websites. This can be done via sites such as 'CME Group', 'TK Futures' and also on 'OptionsXpress'.
You can read reviews about Gold Futures and Options on financial websites like Investing.com, The Wall Street Journal, or Bloomberg. You can also check out forums and discussion boards dedicated to trading and investing to see what other investors have to say about their experiences with Gold Futures and Options.
The settlement day when dealing with gold futures is the day you decide to cash in on the current value of gold. The amount you make will depend on the value of gold on that day.
GC
Wide Angle - 2002 Gold Futures 6-7 was released on: USA: 21 August 2007
Yes,in cooperation with NASDAQ OMX Futures Exchange,IKONFX created the Spot Gold Futures contract in response to Dodd Frank Act (DFA) legislation, which forced the cessation of all leveraged retail spot gold transactions.
If you are a hedger or a speculator, gold and silver futures contracts offer a world trade at centralized exchanges, trading futures contracts offers more financial.
Easy Forex has a good guide on purchasing oil futures. They will also provide guides for purchasing everything on the futures market from gold to wheat to pork bellies.
The record low gold futures price occurred in August of 1976, at $104.20 per troy ounce. The record high price was $1556.40 per troy ounce in April of 2011.
Gold does not have a traditional stock symbol like companies do, but it is often traded as a commodity. The most common way to invest in gold is through the SPDR Gold Shares ETF, which has the stock symbol GLD. Additionally, gold futures can be traded on various exchanges, with the most widely recognized being the COMEX, where the futures contract for gold is denoted as GC.
A top choice for investors, gold is a reliable source for investments in any economic condition. Gold is often bought, sold or traded depending on the market value by a number of investors, banks or private citizens. Gold that is used for gold futures investment often comes in the form of gold bars used by the United States Government or as bouillon coins. Another option to investing in gold futures is to purchase stocks in gold mining companies. These stocks may not always increase in value, and in some cases, may become worth far less than the cost of gold. Investing in gold futures is often a speculative endeavor, as the prices of gold fluctuate over time. While gold futures are often promising and in recent years have been rising steadily it is important to keep in mind that these rates may vary. Rates may suddenly drop or rise depending on the demand or the economy or may slowly change over time. Gold investments are often considered recession proof because the value of gold does not change the way normal currency does. Because gold cannot be printed the way currency can be and there is a limited supply to gold, the value often goes up, making investing in gold futures less risky than currency. Gold bullion coins used for investing in gold futures are often used as they come in a variety of weights, allowing for investors to purchase coins that meet their budget at the time. Investment grade gold coins are also used by investors to secure their gold futures. It is often recommended to purchase lower value investment grade coins as their value is not as high rising as other forms of gold investments. Small investors interested in investing in gold futures will find that gold coins are easier to obtain than gold bars. This is due to the fact that gold bars are subject to storage fees and other costs as the bars are most often stored by the broker instead of kept at the home. Gold coins can be kept in a bank box or at the investor's home, removing the need for storage fees or other costs.
Likewise, gold futures takes after an indistinguishable structure from said above, in spite of the fact that there's a marginally more top to bottom approach. Gold futures give financial specialists the chance to exchange gold without paying everything immediately. An assention is made between the two gatherings, including the cost and weight of gold, and a conveyance date-set in the future-is chose. As such, gold futures can be depicted as contract in which an individual consents to take the gold at a concurred date by making an underlying installment, with an assention set up to finish the installment. A Daniels Trading distribution takes note of that gold fates are offered in 100 ounces, 33.2 ounces and 10 ounces, and are an "other option to bullion coins, mining stocks and utilized bullion merchants."