Your Price: $49.95
(Worth 4,995 Funagain Points!)
Notify me if/when this item becomes available:
(you will be asked to log in first)
Please Login to use shopping lists.
Nowadays, commodity exchanges are operating fast and smoothly. Their development started in the late Middle Ages. From a variety of markets, a number of centers then developed during the last century. Worldwide coordinated futures transactions in standard quantities and qualities are being carried out at these centers. These commodity exchanges have been organized similar to stock exchanges and are generally under strict government supervision.
Any speculation in the futures market is based on 'long' or 'short' contracts. These contracts are purchased on behalf of speculators and held in trust by official brokers. The speculator need not, however, pay the full price of the purchased contract. All he has to do is to deposit with the broker a security (margin) of about 10%. Since the profit, if any, is not figured out from this 10% margin only, but from the full contract value, extremely high profits may be made in comparison to any other type of speculation.
A purchaser acquiring a futures contract must decide whether he wants a 'long' or a 'short' contract. He will decide on a 'long' contract when he hopes that prices will go up before he sells the contract again. His profit is then the difference between the purchase price and his sales prices. If the price goes down, he will lose money.
When purchasing a 'short' contract he expects prices to go down. He hopes he will be in a position to cover his requirements only after prices really have gone down. In this case, too, he hopes he will make a profit. This profit again is the price differential between the time of purchase and the time of sale. If his speculation was wrong, i.e. if prices rise, he will incur a loss.
- 1 game board
- 2 dice
- play money
- 44 action cards
- 16 day trade cards
- 84 price alteration cards
- game chips