it's probably manipulated, but in any case you forgot to take into account that USD exchanges hands all the time.
309 238 sat
Post by $Mikey “priceiswrong”
I just mean metal is a physical thing u like a stock or a digital asset that nothing needs to actually need to physically change hands. Metal is heavy and clumsy just seems like if the SEC were real and actually regulating price descovery some actual metal must need to move somewhere, BTW I k ow it’s paper but even that makes no sense for physical assets
What the chain says
- Block
- 959 856
- Time
- 2026-07-28T16:56:03Z
- Signer
- 1Ce1JkcArEJi2WXt7oVY3JwWsxFPvFtiJV
- App
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- Type
- reply
- Content type
- text/markdown
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
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1Ce1JkcArEJi2WXt7oVY3JwWsxFPvFtiJV UnverifiedReplies (2)
i get it, and you are not wrong, all i'm saying is the commodity doesn't need to change hands for price action. it's denominated in something else, in this case USD, which is changing hands.
309 238 sat
Not regulated by the SEC. It’s regulated by the CFTC as a physical commodity. If you purchase a contract and want to accept delivery you can.
309 238 sat