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JPMorgan Chase & Co. Message Board

  • escarigo70 escarigo70 Oct 21, 2012 7:06 AM Flag

    Salt and gold a liquidity problem

    In my last post when i say that "who have gold is not rich", many call me stupid.
    But imagine in time of crisis if you have a tonne of salt and your brother have a tonne of gold, you say my brother is more rich than me, ok, but in time of crisis me that have a tonne of salt can sell more easy a tonne of salt (NaCl) than my brother that have a tonne of gold, if you have a tonne of salt small sells can give you more liquidity than try a sell of one tonne of gold, with gold you must deal with central banks and big banks and you my brother they not lose money, while you have salt is more easy to sell and you have more liquidity than dealing with gold.

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