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> in order to fulfill Well, there's the rub. They'll just throw their hands up and the claimants are left holding the bag. Which is what sometimes happened h
by SJC_Hacker 2y ago
> in order to fulfill
Well, there's the rub. They'll just throw their hands up and the claimants are left holding the bag. Which is what sometimes happened historically.
- HWR_14 2y agoAren't most of those claims issued by giant diversified companies who have many other assets I can get in exchange? When has this happened historically (I don't know of any examples, but I don't claim that means there aren't any).
- lmm 2y agoThe last real corner was the Piggly Wiggly corner, and the exchange changed the rules to screw the guy who cornered it rather than the shorts. With that kind of precedent, people understandably don't really try to do a proper corner any more.
- deleted 2y ago[deleted]
- SJC_Hacker 2y agoUntil you discover all those assets they had were also vapor, and their total debt exceeds their total assets
- jt2190 2y agoYou would have to have a contract that gives you claim on these other assets. I would guess that those kinds of contracts are very rare, because you’d no longer be buying gold but a derivative whose value derives in part from gold and in part from the other assets of the company selling the contract. I would bet that in practice buying gold plus a corporate bond would make a reasonable, simpler and more flexible substitute for said derivative, making demand for the derivative basically zero.