Where's the......................from Rico

Many will remember the old commercial "where's the beef?" which might as well be redone today as "where's the Gold?"

- There was a very good reason Germany was told by the NYFRB they would have to wait YEARS to get their Gold back...it wasn't there anymore, and the NY Fed could not deliver what they no longer had.

Chicago's COMEX is a bigger problem of the same kind.

- A 'futures' market without warehouse inventory becomes a cash exchange.

This latest 'manipulation' of paper bullion (Gold and Silver) may just as well take the paper spot price down to zero, but only a fool would trade bullion in-hand for fiat Dollars that have about two cents of purchasing power...and falling.

Meanwhile, behind all of the staged 'sturm und drang' physical bullion is commanding premiums far above the paper spot prices...if you can find any for timely good delivery, that is.