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/biz/ - Business & Finance

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>> No.18689382 [View]
File: 38 KB, 586x256, 2020-03-24_15-54-40.jpg [View same] [iqdb] [saucenao] [google]
18689382

>>18689260
Both the GLD and SLV are fractionally backed just like your bank is a fractional reserve. Therefore ultimately a paper market. And backed by notably untrustworthy megaconglomerate banks, especially HSBC. Hell even if it was fully backed by a rock solid company it would still be a paper market with counterparty risk. In the event of a crisis the beneficial owner is screwed.

Here's your last pity (You), read the prospectus anon.

>> No.18060796 [View]
File: 38 KB, 586x256, 2020-03-24_15-54-40.jpg [View same] [iqdb] [saucenao] [google]
18060796

This is some fucking gigantic news for precious metals

>> No.18060727 [View]
File: 38 KB, 586x256, 2020-03-24_15-54-40.jpg [View same] [iqdb] [saucenao] [google]
18060727

Holy shit.

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