Linux Flourishes In 200-Year-Old Gold Markets 195
tbarkerload writes "H-Online [a spin off of a major German daily] reports on a gold trader managing over 15 tonnes of gold, worth $660m, with a platform built on open source tech. BullionVault operates a 24-7 electronic market in gold bullion open to both retail and professional traders. Their systems handle thousands of daily transactions from both human traders and bots operating through their API. If Linux has reached the world of hundred year old assaying firms, and Swiss vaults buried in mountains, can final world domination be too far away?"
Re:In other news (Score:2, Funny)
world's oldest profession [wikipedia.org]
worlds oldest ptofession ... painting? [wikipedia.org]
Re:Anyone else hoarding gold? (Score:3, Funny)
Re:Anyone else hoarding gold? (Score:4, Funny)
Nuka-Cola Caps
Re:how much? (Score:1, Funny)
Sorry, but you asked for it.
Re:Anyone else hoarding gold? (Score:4, Funny)
Gold in hand is what you want not the "promise to deliver gold".
I have, in my hand, a Piece of Paper, signed by Mr. Bailey, whereupon he promises to pay me, upon presentation of his Note, the Sum of Twenty Pounds.
I am sorely tempted to present this Note at his Banca, in the hope of receiving Twenty Pounds Troy Weight of pure Gold.
It is my Suspicion, however, that Mr.Bailey will simply substitute the Promissory Note I currently hold for another bearing the same Promise.
K.
Re:Anyone else hoarding gold? (Score:3, Funny)
The other thing that is neat about gold is that you can beat it into a very fine foil, from which you can make a neat hat to quiet the voices that tell you that the IMF and central banks (of which the IMF is NOT one) give a rat's ass about the price of gold. The price of oil, yes. The dollar, euro, and other major currencies, yes. But the price of gold simply doesn't matter in the world of economic stability that the banks and governments of the world care about.