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If that's true, why is it sitting in vaults instead of being consumed for those uses?
by ori_b 9y ago
If that's true, why is it sitting in vaults instead of being consumed for those uses?
- nikanj 9y agoThe same reason a lot of very expensive land is sitting undeveloped. Whoever owns it, is betting they can get a higher payment for the usage tomorrow than today.
- seanmcdirmid 9y agoGood is useful in production, but is hardly irreplaceable in its uses. Thankfully, platinum hasn’t become a speculative asset yet.
- Clubber 9y agoBecause FDR took most of it. https://en.wikipedia.org/wiki/Executive_Order_6102 https://en.wikipedia.org/wiki/Executive_Order_6102