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The interesting thing about the gold market is that there is 40x more "paper" gold ownership then there is actual gold in the world. They can do this because t
by powertower 16y ago
The interesting thing about the gold market is that there is 40x more "paper" gold ownership then there is actual gold in the world.
They can do this because the rules say if someone calls in their gold, they can just give them the value of it in dollars if there is not enough metal to cover it.