Originally posted by Hobosapien
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Physical gold. 
There will be a rush to prove they have the physical backing if the ETF requires it, though like fractional reserve banking and many other businesses that rely on customers only wanting a fraction of what they're paying for, it's just another scam to oversell a commodity to make more profit as they aren't held accountable when the shortfall materialises as it's part of the business plan.
There will be a rush to prove they have the physical backing if the ETF requires it, though like fractional reserve banking and many other businesses that rely on customers only wanting a fraction of what they're paying for, it's just another scam to oversell a commodity to make more profit as they aren't held accountable when the shortfall materialises as it's part of the business plan.
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