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mort96today at 10:36 AM1 replyview on HN

So they could sell it again and buy it again and realise another $15b?


Replies

atombendertoday at 11:14 AM

No, there wouldn't be any gains to realize — unless the gold price went up since they bought it, of course.

If you buy something for $10 and sell at $15, you realized a gain of $5. If you then buy at $15 and sell it at $15, you realized a gain of $0.