MAKE GOLD GREAT AGAIN!!

>sell something that doesn't exist, and if too many people call for delivery of the metal they're paying for the entire system collapses

>who cares

>sell something that doesn't exist
It sure seems to work for the companies selling paper gold.

Until people decide to sell their gold or take delivery on it...at which point they can't because it's not there...

I mean how hard is it to understand you shouldn't be selling futures of the same ounce of gold to over 100 people? How hard is it to see that it won't end well?

Is pretty obvious to us, and is technically a scam (try selling the same car to 3 different persons), so it should be illegal. However, authorities are dumb, people are dumb and scammers are counting on this. Like ponzi schemes, outsiders know eventually shit will hit the fan, but people too dumb to fall these schemes won't.

Although, as this user said , is easy to profit from it if the papers are sold within relatively short terms. Just like any pump and dump cryptocoin scheme.

>tfw didn't invest in NUGT back in January

Oh yeah, if you want to capitalize on it and parlay your gains into something real and sustainable then do that for sure.

But anyone who doesn't see that it's a disaster in the making, and doesn't see anything wrong with it, would be best off investing in gravity and the nearest 150 foot or greater fall.