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Openai/69401093-f800-800a-94fc-a5d69db9f764
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==== いまの話は、実務的には次の二つが混ざっています。 ==== * 一般的なコモディティ(商品先物・現物商品・在庫ビジネス) * コレクティブル(名車、記録性のある実物、由来付き一点物などの代替投資) この二層を分けると、管理コスト・保険・流動性・価格形成がまったく異なるため、資料として説得力が上がります。 つまり「同じ“保管型資産”でも、運用OSが別」という整理です。
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