As the ROW (rest of world) moves toward de-dollarization for trade, and jockeying to become the world's next reserve currency becomes more serious [China], it has escaped no one's notice (except Americans and their FTV infotainment cheerleaders) that as the Dollar dies, the violence of blatant price suppression of bullion on the COMEX intensifies.
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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