For every physi
cal ounce of gold already mined...there are 300 paper derivatives and futures contracts agaist it. 300 owners that claim ownership of the same ounce. 300 to 1
For every physical ounce of gold already mined...there are 300 paper derivatives and futures contracts agaist it. 300 owners that claim ownership of the same ounce. 300 to 1
that is just silly. I would not be surprise if it is even worse.
I write about gold and silver. My latest post:
https://steemit.com/gold/@hgmsilvergold/the-greatest-transfer-of-wealth-what-you-need-to-know