another point about the gold derivatives.  you know how so many ppl here on the forum want to see Bitcoin derivatives trading?  why?  b/c they think correctly this will help drive UP the BTC price by increasing liquidity and trading options for speculators.  speculators like them b/c they can be bought with a click of a button.  if call options on BTC go up then they drag the actual BTC price UP.  the SLV and GLD have worked wonders for the gold price since they were introduced which has helped keep a cap on gold miner during the past 11 yrs.

now ask yourself the opposite question.  what if those same derivatives get destroyed via forced liquidation?  what happens to the BTC price or the gold price?  STILL go up?