afaict physical metals people want to (1) believe that their metal is worth whatever the paper market says its worth, to the minute / penny (2) unless what the paper market says is "too low" in which case you can't physically buy it anywhere because nobody lowers their prices to match whatever the paper market says (the physical price actually goes UP), and everyone vaguely hand waves about how the paper markets don't mean anything at all ("it's all fake")...

Follow

...until that number comes back up again then suddenly that number is real again. Humans are fascinating.

· · Web · 0 · 0 · 0
Sign in to participate in the conversation
Octodon

The social network of the future: No ads, no corporate surveillance, ethical design, and decentralization! Own your data with Mastodon!