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$1,391.7 gold futures

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eztrang

3,933 Posts.

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25/11/21

19:32

Post #: 57862312
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Originally posted by Just4kicks: ↑

Trustless system/no 3rd party- the system itself requires trust as it is the 3rd party. You absolutely must trust the system to never ever be hacked or corrupted as for many it holds the entirety of there wealth and transactions are not monitored by gov so irreversible. I personally have trust issues. I don't mind the odd small gamble with crypto but some are all in with leverage. Gold in my hand is trustless.

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That's true. But the gold in your hand can still be stolen by someone. Maybe by a stranger, maybe by someone you trust.
It can also be lost in a flood or earthquake or fire.
Holding physical gold is not risk free, nothing is.

Last edited by eztrang: 25/11/21
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