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1 sat \ 1 reply \ @kr OP 17 Mar \ parent \ on: Why Does El Salvador Hold $86M of Gold? bitcoin
Liquidity against Gold is readily available anytime anywhere
i don’t think you really mean “anytime anywhere”… how might he liquidate El Salvador’s gold holdings if he needs to sell it in El Salvador?
Liquidating that amount of gold requires access to international trading partners that want to buy it from you.
It also involves physical delivery in most cases.
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0 sats \ 0 replies \ @Coinsreporter 17 Mar
Yes, I agree. I only meant that it's an asset that's popular and it can bring liquidity with a few terms and conditions applied.
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