Newbie has always hated Gold because it is a 'yieldless' security. Newbie has always hated Gold because it has few practical purposes other than being worn as jewellery, ok maybe a little bit of industrial use.Finally Newbie is able to put his money where his mouth is and SHORT GOLD! Using IB platform, I have today SOLD 10 ounce of XAUUSD (termed London Gold in IB) at a price of USD1,344.14, with commission charges of just USD2. Thus, every USD1 movement in the XAUUSD price would have a USD10 P&L impact for me. Update at 5pm: It's really OMG! I had a livechat with IB and I discovered a few shockers. Halfway in the conversation, I was so dismayed that I closed my Short Gold position at a small gain of USD20. So what did I discover? The USD cash that you received from shorting the Gold cannot ...