Those who hold GLD (paper Gold) and SLV (paper Silver) so far seem oblivious to the difference between physical and paper bullion.
- They are going to find out what holding a paper claim means upon a default.
As physical bullion moves from West to East, COMEX warehouse paper deposits/withdrawals (with no real metal entering or leaving) are being used to conceal the fact that no beneficial Gold or Silver bullion remains...only unbacked paper claims remain.
- Investors/shareholders who 'think' they own bullion really only hold paper bullion.
The Gold and Silver inventory at the COMEX is now completely compromised.
- The data is phony...just like the markets.



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