The international spot gold market is maintained by five major gold merchants

So when there are people buying but no one selling, and some selling and no one buying, the five major gold merchants will ensure the success of the transaction. .

The mechanism of short selling is like this. Suppose the price of gold is currently $760 an ounce. You end up empty handed. It is equivalent to you booking an ounce of gold at a gold dealer, and the transaction price is US$760. Then there is an equation "760 US dollars = 1 ounce". After gold falls, assuming it falls to $750, the equation at this time is "$750 = 1 ounce." You can exchange 1 ounce of gold for US$750 for the US$760 required to start the gold reservation. So you will wait for a profit of $10.

In the entire transaction process, the five major gold merchants played a very important role. Its existence allows you to exchange low-priced gold for high-priced money.

The profit you get is the money lost by those speculators who bought long.