4 ms·
How much impact would this have? Being as gold is a fully fungible commodity, wouldn't the "bad gold" simply end up in bullion/coins/gold bars, and the gold tha
by throwaway2048 11y ago
How much impact would this have? Being as gold is a fully fungible commodity, wouldn't the "bad gold" simply end up in bullion/coins/gold bars, and the gold that otherwise would have been used end up in jewlery, with no real impacts on price or demand for the bad gold?
And being as there is no way to track gold, couldn't it just be laundered via similar channels?
- maxerickson 11y agoYeah, it doesn't seem like they could move the price any, limiting any impact on non certified mines. I guess an analog to the Forest Stewardship Council could make people feel better by creating a system to track the production of certified mines and then allowing the first buyer to use their label.