Fun Fact Daily
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