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2 sats \ 2 replies \ @SwapMarket 19h \ parent \ on: How has gold been neutered by ETFs? Has it? econ
Derivatives make price manipulation way easier than physical commodities due to leverage and speed of settlement. Not only ETFs, but all structured products. Telecom and IT progress surely was/is a huge driver of financial markets.
Funny thing is that all central banks still hold gold. Still. So do nation states. Gold isn't as practical as it once was but this is due mostly to technological advances.
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because they don't trust IOUs
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