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FOREX= foreign exchange. Trading dollars for Euro's, commodities etc. What this does is force the qualified participant (definiton above) to take delivery within 28 days. It should help keep Gov't Sacks & JP Morgue from manipulating the markets, unless they fully intend to take delivery & thereby confiscate/hoarde physical gold/silver. I'm sure helicopter Ben & Tubo Timmy will buy it from them, at a loss to us. It also keeps Joe & Jane 6-pack from putting 10K of their own money into precious metal futures, unless they're an approved participant. It also mentions foreign currency further down, but I haven't gone over that part closely yet.

It also keeps Joe & Jane 6-pack from putting 10K of their own money into precious metal futures, unless they're an approved participant.

Why should it matter if Joe wants to buy into futures?

I’m dumb as a rock when it comes to this kind of thing.

About the only thing I get from reading some of the links is “The rich get richer”.