2 ms·
The counterparty risk is that when the sovereign becomes insolvent, people won’t want to buy your gold because they’d rather have food and water.
by tylerhou 6y ago
The counterparty risk is that when the sovereign becomes insolvent, people won’t want to buy your gold because they’d rather have food and water.
- vijayr02 6y agoI think the risk when the sovereign goes insolvent is a bunch of people with guns turn up and take your gold away. Sometimes the insolvent state and the people with the guns may even be the same.