concept of futures and derivatives markets, on a legally binding contract to supply a certain quantity of a product at a point in the future at an agreed price, is from Chicago in the 1830s. The idea was that the price even further and give farmers, particularly as a means to hedge their crops before harvest. After the Civil War, the Chicago Board of Trade formalized this in real terms in the first markets with standardized contracts. Gold futures contracts are on the scene much later, towards the end of 1974. The main reason is that the gold trade non-existent as the United States to a gold standard was a fixed price (The monetary system with a fixed price for gold and gold coins either entire circulation of money are in a country or with notes in gold convertible and representatives) to 1933 . Futures contracts for gold has its entrance with the gold futures contract on the New York Commodity Exchange (COMEX) on 31 Made in December 1974. Later followed by other U.S. exchanges, including the Chicago Board of Trade suit. In fact, it was also a test for gold futures contracts with a 400-ounce traditional unit of weight of gold is the troy ounce, ordered and it was adopted after a weight used to the annual fair at Troyes in France in Middle Ages. Although the metric system is increasingly used in mining and trading of gold per ounce, is the basic unit in which the quoted price of 995 Gold (one troy ounce is = 31. 1,034,807 grams, 32 oz 15th Troy = 1 kg) ( oz = 480 grains, troy ounces third tolas 75 = 10, as is known in India). U.S. stock markets, especially the COMEX, has brought a new dimension to international trade in gold. COMEX enjoyed significant advantages because of its close relationship with the New York banks and financial institutions, provided that access to a worldwide customer base. COMEX merged then with the New York Mercantile Exchange (NYMEX) in 1994. Experts like Dr. Richard Appel S financial insights. com noted that the markets have a bull used in both metals. Although he says that we are currently in the initial phase. In his column “The Great Debate: Trading Gold vs. long-term investment,” he writes, “Given the many reasons for the emergence of the gold bull market, and the sequence of events that transpired since its birth, I am confident that this bull market is not to be completed for several years, at least. “ He said that the main financial benefits of trade to a confirmed bullish, that is, that it is often the company is a form of debt financing, and I hope that we gain more collect, if he had just bought and held. Leverage has been added has the potential to substantially increase profits. For example, he said, “if future purchases person to gold or gold call options, this is only a small percentage of the value of the underlying gold open trade agree. So, if the resulting higher prices, profits, that is a multiple of those who would return, if he owns the physical metal.> “ Unfortunately, it can act as a double-edged sword have been if the transaction, even for a short time, goes against the operator. And in isolated situations, they can be devastating, “he added. He also comments that in the case of futures contracts is not only responsible for his margin clerk, but also for damages which occur while he holds the contract . The author may be an expert in test cabling services online in the field of marketing and operations management. He has been> with the company for several years as executive editor.