3 ms·
A low velocity financial instrument is still useful if it stores value, even if it has no other utility. Gold locked in a vault, rolex watch that is stored in a
by grlthng 5y ago
A low velocity financial instrument is still useful if it stores value, even if it has no other utility. Gold locked in a vault, rolex watch that is stored in a safe, stock whose voting rights are not utilized, a house that nobody lives in, pokemon cards that isn't used in a card game.
The list is endless and I guess if you're really asset poor you wouldn't see a value in these things.
- otterley 5y agoThe comment I was responding to was "People ... are fleeing for the exits," which is clearly not the case. The picture given is a stampede, where what's really happening is a few people going to the ATM and placing chips at a roulette wheel.