Comment on The rich are ‘renting’ out their idle gold bars for income as prices remain at historic highs
theneverfox@pawb.social 3 days agoIt’s probably something like the loan thing, but wackier
Financial people lose the plot regularly, but they get real creative when it comes to the super wealthy. Time and time again, they’ll take on all the risk for basically reward, all just to chase a whale
pdxfed@lemmy.world 3 days ago
Probably some stablecoin bullshit; they have to have assets to back a coin to .ale it seem legit, as long as use of coin goes up faster than price gold they’ll be able to keep up the scheme? Wonder how that’s working out in the last week with crypto crashing