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    thefinn (thefinn@poa.st)'s status on Thursday, 02-May-2024 00:45:09 JSTthefinnthefinn
    in reply to
    • John_Darksoul
    • Semilexic
    @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.
    In conversationabout a year ago from poa.stpermalink
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