Sentences with phrase «notional gold trading»
Not exact matches
It appears to us that gold positions traded in London and NY among bullion banks, HFT's, hedge funds, and commodity traders constitute highly levered derivatives with only distant and notional relationships to the physical substance.
http://tocqueville.com/
But ethereum — which I would argue is like that other notional currency: gold — isn't really the same as a dollar or a pound in my pocket, i.e. a predominantly trade based exchange currency.