The Useless Penny
When the metallic value of the coins exceeds their face value, an obvious arbitrage is to melt them and refine the metal.
When the metallic value of the coins exceeds their face value, an obvious arbitrage is to melt them and refine the metal.
Two weeks ago marked the 60th anniversary of a prescient essay (pdf) promoting gold as redeemable
Here is an audio sample that covers the opening chapter in whi
Somehow I think that I’ve read this review before in many other forms and venue