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<p>[QUOTE=&quot;Cloudsweeper99, post: 774075, member: 3011&quot;]This is incorrect.</p><p><br /></p><p>A futures contract is an OBLIGATION to buy [or sell] a set amount of gold at a set price on a set date in the future.&nbsp; You must either take delivery [or deliver] the metal promised under the contract or purchase an offsetting short [or long] contract by the delivery date to avoid default.&nbsp; Unlike an options contract, which you may be referring to, where the most you can lose is 100% of your investment, the potential losses on a futures contract are &quot;infinite&quot; if you get trapped in a contract that is closing limit up [or down].</p><p><br /></p><p>Futures are enormously dangerous if you don&#039;t know what you are doing, and simply dangerous if you do.[/QUOTE]</p><p><br /></p>

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