Physical Gold Shortage Now Reaching Extremes
““Then we had ABN AMRO where they said that people wouldn’t get their allocated gold. We already started to see depletion in GLD at the beginning of the year, not just with the April and May smashes, and it was obvious to me that there was a shortage (of gold).
In my mind what happened was the powers that be thought, ‘What are we going to do here? We can’t have people find out that the central banks don’t have any gold because it’s all been leased and sold to Asia. So, what are we going to do? Well, let’s go bomb the COMEX (price), and maybe everyone will sell their GLD, and we will go in and buy the GLD and redeem the (physical) gold.’” July 26, 2013 Read More