Putting Trust in the Cloud

“No need to look at the URL field; you haven’t accidentally
landed on an investment site. Trust me, I’m the last guy you want
money advice from. But something’s going on with the gold market
right now that could be analogous to a potential problem with cloud
computing.

“What’s happening is this: in larger cities where large
corporate banks have massive vaults, many retail customers who have
been storing their precious metals in their bank’s vault are being
asked to move their property to make room for the bank’s larger
customers’ gold holdings. It is more profitable, it seems, for a
bank to store one ton of gold for one customer than one pound of
gold each for 2,000 clients.

“So, instead of honoring the smaller retail clients’ needs,
these banks are requiring the retail customers to find new homes
for their gold.”

Complete
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