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Chinese Staggering Losses
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banker Offline
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Post: #21
RE: Chinese Staggering Losses
(12-20-2021 10:10 PM)olliebaba Wrote:  Wow, thanks Banker. JP selling silver without the actual silver is kind of odd. Isn't that against the law. It's like someone selling you a house without even having the actual house that you can live in.

Welcome to the futures market where paper is traded as being actual goods every day. Or more simply, welcome to banking where if people have $1,000 in a bank account they think it’s actually in the bank. It works unless a whole bunch of people all decide they want their money/silver/soy beans all at the same time.
12-20-2021 11:46 PM
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