It’s on paper. It never existed to begin with. Just like saying the rock in a ditch I found is worth 200 million dollars. Then, when I couldn’t sell it, I revalued it at only 100 million dollars. So, the extra 100 million didn’t go anywhere. “Value” is a truly subjective thing which is encompassed by the old phrase “One man’s trash is another man’s treasure”.
I’ve got a rock with gold paint on the outside, worth $500,000,000. Could I interest you in buying it for $30, instead of the lame dull rock that other guy has ?
It’s on paper. It never existed to begin with. Just like saying the rock in a ditch I found is worth 200 million dollars. Then, when I couldn’t sell it, I revalued it at only 100 million dollars. So, the extra 100 million didn’t go anywhere. “Value” is a truly subjective thing which is encompassed by the old phrase “One man’s trash is another man’s treasure”.
Damn you got a $100m rock? I’ll give you $20 for it.
You just crashed the entire stone futures market.
I’ve got a rock with gold paint on the outside, worth $500,000,000. Could I interest you in buying it for $30, instead of the lame dull rock that other guy has ?