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Posted 08/13/2011 2:13 pm
Quote:
they were talking about many of the metal ETFs being double and triple derivatives(whatever that means).
they were talking about many of the metal ETFs being double and triple derivatives(whatever that means).
It means you're getting further away from the real thing.
gold = real thing
gold certificate = derivative
stock in a company that owns gold certificates = double derivative
puts or calls on that stock = triple derivative
