I will continue to research the Flagship Fund and see if I can condense it down but here is a link I found that goes over more than I would like to make a post about.
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I agree when it comes to paper or sometimes imaginary commodities; yes, futures/options etc can be created for commodities that do not even exist. This is fine if all one wants is to end up with more increasingly worthless fiat USD.There's just something about commodities I don't like. I can't quite put my finger on why.