|
|
|
|
|
|
by FredPret
1276 days ago
|
|
|
Not really. An international bank is one legal entity in two places. If you deposit 1 kg of gold in place A, your business partner can withdraw it in place B, minus fees of course. The bank still has to transfer the gold to make up the difference at a later date. The benefit is the merchants don’t have to do this themselves anymore. Think of it as shipping-gold-as-a-service. |
|
|