ST Alpha - "I imagine a lot of banks own metal. speculating on future price movement, hedging against something. lots of reasons, really. -- nm" (Reading a Post)

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In response to "Why would a bank store nickle, or any metal really, how long did they have them? -- nm" by zeitgeist

I imagine a lot of banks own metal. speculating on future price movement, hedging against something. lots of reasons, really. -- nm

Posted by mafic Mar 20 '23, 18:30

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how much value is a truck full of gold going to provide when the ice sheets melt? -- (edited) - hollywood big shot Mar 20, 18:36 1
- *shrug* they all have their uses. like 70% of platinum is industrial. for gold it's only like 10%, but it's there. - mafic Mar 20, 19:07

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