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There is a lot more "paper" gold than physical gold in jewelry or gold bars. The overwhelming of gold and gold derivatives are not using it to signal their stat
by thebean11 6y ago
There is a lot more "paper" gold than physical gold in jewelry or gold bars. The overwhelming of gold and gold derivatives are not using it to signal their status.
- kipchak 6y agoTrue, though the paper gold is valuable because someone could potentially take delivery, though that valuation on it's own is likely much less than it's current price if 1934-1970 is anything to go by.