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A comment on SEC Rejects Rule Change for Bitcoin Exchange-Traded Fund [pdf]. Parent comment

Re:SEC Rejects Rule Change for Bitcoin Exchange-Traded Fund ... by petre on Saturday March 11, 2017 @12:40AM (#13844406)
You would probably lose value by melting minted gold bullion anyway. It would effectively convert a standardised unit of value into black market gold.
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Re:SEC Rejects Rule Change for Bitcoin Exchange-Traded Fund ... by joering2 on Saturday March 11, 2017 @01:20AM (#13844503)
No you won't lose value. You make up by selling more of a smaller portion as smaller gold is rarely sold on exact ticker value.

It is much easier and faster to sell 10 x 100g tabs than 1 x 1kg.

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Re:SEC Rejects Rule Change for Bitcoin Exchange-Traded Fund ... by conanbatt on Saturday March 11, 2017 @02:42AM (#13844678)
But theres a cost in re-minting the gold into a bullion, which if its the way of consumption that takes more demand it would end up costing more.

Its obvious whatever that such rules can hardly be enforced.

Sidestory: Argentina had an issue with inflation making coins worth less than their metal, and the bus lines (which were coin operated) turned out to be hoarding coins for reselling.

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