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thefinn (thefinn@poa.st)'s status on Thursday, 02-May-2024 00:45:09 JST thefinn
@John_Darksoul @epictittus Certificates.
They just print a bunch of futures certificates and put them on the market.
There's no limit to the amount of certificates they can print to say "You can redeem this for gold" - nobody ever does.
Last I remember they were already at something like 20 or 40 for every ounce of gold they actually represented.