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wait, so with 900 Sterling you can buy 1000 Bristol pounds, and then you can sell them to get 1000 Sterling pounds?
by vander_elst 11y ago
wait, so with 900 Sterling you can buy 1000 Bristol pounds, and then you can sell them to get 1000 Sterling pounds?
- philh 11y agoIIRC you could, but they only did it on the first so many Bristol Pounds sold. So their maximum loss on that arbitrage was only measured in thousands.