Paper Gold must cease to function. Manipulation without even a concern to conceal is no longer acceptable. Gold bullion must be emancipated from no gold paper gold. The key to the emancipation of physical gold from paper gold is the warehouse supply held primarily by the COMEX.
This supply of gold has been in a distinct and significant down trend for which under present circumstances there seems little relief. Instead of the manipulation of gold lower stopping physical gold demand, it ignited a volume bull market in physical gold during a price bear phase in paper gold.
The Gold banks can be counted on to see their views as the word of a gold-man god. They still feel physical demand is an aberration that they, being all powerful and mighty, can extinguish by pounding paperless gold anytime it sticks its head up. This time they are so wrong.
The publishing of the concept of bail-in at the highest financial levels everywhere in the Western Financial World has you, me and every thinking person afraid to leave significant funds on deposit in any bank. It makes the products that banks sell (which are all some form of deposit) the last item any intelligent person wants in their portfolio.
Everyone knows this economic recovery is hanging on by a wing, a prayer and lots of lies. Everyone knows the balance sheets of the major banks in the USA are total cartoons as a product of FASB allowing banks to value their OTC derivative paper at any price they select. Many wise people suspect that if the inventory of major banks was to be held to discipline of valuing it at something like what it could be sold for, the banks would have more colossal losses.
It is possible that then the funds now reporting in depositor’s accounts would no longer exists as was the truth in Cyprus.
There are major entities from billionaires to sovereigns that have selected gold to be their medium of savings. It is about time that you have become tired of having your savings take on a form of volatility that must be unwelcome. If it is not today, the reality that paper gold is not gold is going to strike you soon. It is time you did something about it as in physical gold you have almost all above ground supply now. The answer to where has all the gold gone is well known by you, the new super wealthy. You have been accumulating gold for a decade knowing full well what the future of money and the future of gold is. When you have had enough you can shake these fraudulent gold manipulators off your back in one great shake.
You need only call the hand of the fraudulent paper gold such as was sold from up $40 today. You know that paper gold has no gold. When you have had enough of the bravado and hubris of the Gold Banks, just stand for delivery. Take delivery and end the slavery of real gold to false paper by bringing it to a screeching halt.
Force the exchanges to change their delivery contract to cash, or their creation and play thing, GLD. Physical gold demands FREEDOM. Stop speculating in paper gold as it only hinders physical.
Nothing will unnerve the paper gold shorts more quickly and do more to undercut their confidence than to strip them of the real metal and force them to come up with more hard gold bullion to make good on deliveries. "Stand and Deliver or Go Home" should be the rallying cry of the gold longs to the paper gold shorts.
–Trader Dan Norcini
QE to Infinity, followed by Gold balancing the balance sheets of the sovereign balance sheet disasters. Just as there is no tool other than QE to feign financial solvency, there is no tool to balance the balance sheet of the offending entities other than Gold. It is just that simple.