Hi im new to gold futures, I currently only trade index futures. Some questions, 1 in what quantity is gold traded, now is currently about 913/ ounce so is gold traded in 1 ounceX 1000? 2.is spot gold bought and sold like a stock? is it cheaper that gold futures? 3.is contango currently priced in the gold market? 4. in nymex light sweet crude a $1 increase is 1000 in a 1000 barrel contract. how's the leveradge like in gold futures? 5. What durations of the contract to expiray exist? monthly, 36 months in crude exist, please tell me all the durations from short( onthy) mid term a few months to long term years 6. is gold priced in USD only? So if I buy in SGD, it is just converted according to the exchange rate? but inflation lowers the US to singapore dollar rate, doesn;t this negate the effect of me buying gold in Singapore dollars?