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Tether says it bought 27 tons of gold in fourth quarter
15 points by petethomas
by didip
1 subcomments
What is the point of stablecoin holder to hold gold?
digital currency cannot be trusted on its own?
by exabrial
0 subcomment
It blows my mind one can buy _ton_s of gold.
by MikeNotThePope
2 subcomments
That’s pretty stupid. If the value drips, it’s no longer sufficient collateral.
by cjbenedikt
0 subcomment
Does anybody remember Long Term Capital Management?
https://en.wikipedia.org/wiki/Long-Term_Capital_Management
They also thought nothing can ever go wrong. Until it did... Dunning-Kruger effect.
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