NSFW Anon Archived $50 Million worth of gold bars in circulation found to be fake. Some making it as far as JPMorgan and Chase & Co's vaults. (dailymail.co.uk)
submitted ago by 3403648?
Posted by: 3403648?
Posting time: 1.3 years ago on
Last edit time: 1.3 years ago on
Archived on: 11/27/2019 10:00:00 AM
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NSFW Anon Archived $50 Million worth of gold bars in circulation found to be fake. Some making it as far as JPMorgan and Chase & Co's vaults. (dailymail.co.uk)
submitted ago by 3403648?
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[–] [deleted] ago
[–] 20367950? ago (edited ago)
No, it is a prediction based on theory as to why the market values things the way it does. I was trying to share the theory with you.
My friend you can call the dealers and ask them what their buy prices are! It's not a secret. They will tell you. Then you can calculate the trade spreads. Surely you would like to know what they buy back for, before you buy the things they are selling?
As to how it all works, the premiums etc, why they exist and how they behave.... you can get there by thought experiment alone if you don't trust anyone.
Anyway the dealers aren't authorities on economic law... they are just market participants.
[–] [deleted] ago