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Go read Felix Salmon's article again and read some Wikipedia articles about how commodity exchanges work. Gold in your possession is less liquid than gold in a
by wtn 15y ago
Go read Felix Salmon's article again and read some Wikipedia articles about how commodity exchanges work.
Gold in your possession is less liquid than gold in an exchange approved vault in Manhattan or London…
- dotBen 15y agoGold in your possession is less liquid than gold in an exchange approved vault in Manhattan or London… Um, so why does Hugo Chávez want the gold in his possession then?
- lucasjung 15y agoMaybe because he's paranoid and doesn't understand economics?
- ohyes 15y agoOr so he can set up his own vault full of gold similar to the bank of England.
- deleted 15y ago[deleted]
- kzrdude 15y agoFor example, right now Libya's assets are frozen. Which proves that UK is capable to do the same with Venezuela, if the situation allowed. So bringing home the gold gives independence.