First published by Money Metals Exchange here:
https://www.moneymetals.com/news/2021/12/06/changes-to-price-discovery-if-the-futures-market-fails-002420
The U.S. dollar and precious metals futures have one thing in common. The value of the greenback and a contract for future delivery of metal are completely dependent on confidence. When, or if, that disappears, neither will be worth the paper they aren’t printed on.
