3 ms·

Is it actually gold that's being traded, or papers/promises/options/whatever-else-but-physical-gold saying 'x amount of gold' is actually traded?

• paulddraper 7y ago
  Well, physical Bitcoins aren't being traded either. Because there aren't physical Bitcoins.
  • hndamien 7y ago
    Actual custody is being traded though.
    • paulddraper 7y ago
      Same for gold (again legally, not physically).
      • hndamien 7y ago
        For gold, typically ownership is traded, not custody.