Michael B. Duff

Lubbock's answer to a question no one asked

links for 2010-07-30

  • As we said before, if you have gold in an 'unallocated account' , be aware that the bank can do with it whatever it likes. Your gold is often simply not 'there'. What there is instead, is a piece of paper that 'represents' your gold. Many gold depositors probably know this, if they have bothered to read the fine print – but many may not be aware of it, and simply have opted for unallocated accounts because they are cheaper than allocated ones. It seems unlikely that the banks pay their gold depositors one red cent for the privilege of doing whatever they want with their gold – but in all likelihood they continue to charge storage fees for it, whether it is or isn't physically present.
    (tags: economics gold)
  • We waited 12 years for Starcraft II, but it feels like they put 12 years of effort into it. Ebert’s quote came back to me because Starcraft II feels like a work of art like a painting or a sculpture. It feels “crafted” — like every detail has been tweaked and shaped and agonized over until some insane perfectionist finally let it out the door.

Written by Michael B. Duff

July 30, 2010 at 23:02

Posted in Uncategorized

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