Loading ...Gold is the obvious sequel. Whether they can shuffle bars around, selectively exhibit the same bars in different places to ‘prove’ they all exist or not will be critical. Maybe Fort Knox could lend them some – if they have any left.
How can you tell if a ton of copper is rehypothecated though? No serial marks. The reason it is so easy to rehypothecate is that it is so bulky which is why it is stored in warehouses. So firms would need to take delivery themselves and find somewhere to store it. Likewise pork bellies. So go long private warehouse space and large freezer rooms.
I can imagine it will not be a restful weekend for some executives and traders. What a shame.
{edit} I wonder what will happen if the lack of trust extends to crypto holders? After all, if you can’t trust Trust Wallet, what can you trust?