Hello,
I was informed by revolut Germany that they will stop commodity (gold, silver and such) trading in July.
Their plan is that they will liquidate all commodity positions at a predetermined date.
So, my first question: is this only a decision for Germany, or also in other countries?
Overall, my positions are positive, but I also bought some silver and platinum in Feb that are currently red. I bought them as open long position without expiry date and am actually not willing to realize losses because of this revolut’s decision not to offer this any more. I also did not get a training for the risk of buying a commodity certificate with expiry date. From my perspective, by forcing a sale in July, changes the character of my commodity investment by adding an expiry date and did not do a training of the investor.
I will probably get my legal insurance (Rechtsschutzversicherung) to handle that, but am wondering if there are others who are concerned.