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Gold has been abstracted into a digital form so anyone who wants to invest in options and futures can now own digital gold, which makes it easier to trade, sinc

Gold has been abstracted into a digital form so anyone who wants to invest in options and futures can now own digital gold, which makes it easier to trade, since no physical delivery or storage is required. Greed is extremely powerful. As is fear. https://www.marketwatch.com/investing/fund/gld https://www.marketwatch.com/investing/fund/gld

fredfoobar 6y ago
Who's guaranteeing that this is backed by real gold? how can we verify? can I take delivery whenever I want?
- yesplorer 6y ago
  Most of the people trading Gold are trading it as a CFD asset anyway, so they shouldn't have any expectation of having it backed by real gold.
pvfffghhr 6y ago
So the only conceivable reason people invest or create financial instruments is greed?