Thread: Precious Metals
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Old 07-16-2007, 03:26 PM   #5
jay santos
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Quote:
Originally Posted by cougjunkie View Post
on a side note, i read today that Jerry Jones, bought up futures in the scrap metal industry, before he started construction on the Cowboys new stadium so that it would be worth more.
I don't know the specifics of this, but more likely he manipulated a scrap metal futures transaction to lock in a price, or hedge against future fluctuations. This was the reason the futures market was created--to help lower risk for farmers.
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