Tuesday, 1 December 2015

Something's burning.......................from Rico

The COMEX Paper Gold dilution is now 294 pretend ounces to 1 (one) physical ounce.
- 293 Paper Gold owners can have as much paper as they want, but only one can have the real physical ounce.
For comparison, the SGE (Shanghai Gold Exchange) delivers 10 tons of physical Gold every business day.
I wonder how long it will take before we see a 500:1 dilution on the CRIMEX?
- If the FED and the bullion banks had any sense of humor at all, they would launch an ETF allowing bets on the monthly COMEX paper-to-physical leverage.

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