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anoraca
on Aug 5, 2020
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Gold price rises above $2k for first time
Gold has been abstracted into a digital form so anyone who wants to invest in options and futures can now own digital gold, which makes it easier to trade, since no physical delivery or storage is required. Greed is extremely powerful. As is fear.
https://www.marketwatch.com/investing/fund/gld
fredfoobar
on Aug 5, 2020
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Who's guaranteeing that this is backed by real gold? how can we verify? can I take delivery whenever I want?
yesplorer
on Aug 5, 2020
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Most of the people trading Gold are trading it as a CFD asset anyway, so they shouldn't have any expectation of having it backed by real gold.
pvfffghhr
on Aug 5, 2020
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So the only conceivable reason people invest or create financial instruments is greed?
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