this post was submitted on 20 Mar 2022
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I think the point is, nobody trusts them enough to accept certificates. They'll sell it -- at discount -- when they put it on a train and deliver bullion.
Makes sense enough, i don`t know what you mean with certificates, but i believe its not easy to sell even if you find a market because this is something regulated at some point i guess.
Russia is offering certificates of ownership, rather than delivery. People being to suspect it doesn't all exist, at that point.