3 ms·
If that were the case, we could just declare that gold has been taken off of the gold standard.
by nostromo 14y ago
If that were the case, we could just declare that gold has been taken off of the gold standard.
- phyalow 14y agoRepo's, gold certificates etc. Good luck getting "your" physical allocation if everyone tried to take delivery of "there" of the underlying assets all at once.
- daniel-cussen 14y agoThis is the original form of a bank run: everybody wants to cash the goldsmiths oversold certificates at the same time.