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smokeyj
on June 2, 2011
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The Quora post that killed Bitcoins. Please discus...
I understand currency and shares are not the same thing, I don't understand this addresses OP.
> A share, meanwhile, is a direct claim on things themselves. What if you buy a share of an ETF?
tg3
on June 2, 2011
[–]
A share of an ETF is a claim on a financial asset that is backed by claims in other financial assets, usually stocks. So while it is one level higher than directly owning securities, it is still a claim on productive economic assets.
smokeyj
on June 2, 2011
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For the sake of preventing a tautological melt-down could you define "securities"?
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> A share, meanwhile, is a direct claim on things themselves. What if you buy a share of an ETF?