Potato-linked financial contracts have risen over 700% in a few weeks, despite a current oversupply in Europe, due to speculative trading surrounding the volatile environment caused by the Iran war.
Idk why it’s considerably more fucked up but I’m guessing maybe because there’s no physical delivery it serves even less of a purpose for people hedging their physical goods and just blatant financial speculation on prices of goods?
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Not futures, CFDs, considerably more fucked up. Don’t think CFDs are even legal in the US.
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Basically a cash settled futures contract
Idk why it’s considerably more fucked up but I’m guessing maybe because there’s no physical delivery it serves even less of a purpose for people hedging their physical goods and just blatant financial speculation on prices of goods?
you bet on whether price go up or down
if right you pocket the difference
To be fair this has been around a long while