3 ms·
The mining industry is also subject to fakery. We don't have a database with all trades in it. We for the most part don't know what people are paying. The bid a
by econ 2y ago
The mining industry is also subject to fakery. We don't have a database with all trades in it. We for the most part don't know what people are paying. The bid and ask prices are real? What part of those transactions involve things that only exist on paper?
Fort Knox is the funniest example. For the financial theather it doesn't matter if there is any physical gold.