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You 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
by jt2190 2y ago
You 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.