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What value has speculation created for society? Did it create GDP for the country?
1, speculative gold refers to gold futures, and physical gold can only be called commodity gold.

2. Speaking of futures, financial derivatives, which were originally invented just to avoid suspicion, have now become a tool for speculation.

3. This kind of financial derivatives has a feature called "zero-sum game", that is, if you earn, someone will lose, and if you lose, someone will earn. So he doesn't have the function of creating new wealth.

4. Whether it is the securities market or the futures market, the significance of their existence lies in the optimal allocation of resources, and the futures market also has the function of hedging, not in creating new wealth value.