I would also accept a version where they had a competent operational team, declared an incident immediately when they had indications of possible escape from the enclosure, resolved it according to their run book, and postmortemed it then went home like responsible professionals.https://twitter.com/kchoudhu/status/1043451812827856897 …
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“Alright, hear me out before eating me: you like gold, right?” “YES.” “Want more of it?” “WITH INSATIABLE HUNGER.” “OK, you have a custody problem. Hordes get stolen. Fact of life. We’re going to deposit that and insure it. Then, the depository will issue you baskets.”
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“I AM NOT A HORDER OF BASKETS.” “No no! It entitles you to shares in an ETF. They work similar to shares in a stock, like e.g. the Company you’ve heard so much about.” “AND I WOULD SELL THESE SHARES?” “Heavens no! We use them to get you more gold! You lend them to gold shorts.”
End of conversation
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As
@matt_levine keeps on saying, stop buying short dated slightly out of the money options, it's the first thing the MEEC is going to look for.Thanks. Twitter will use this to make your timeline better. UndoUndo
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