Trading Paper for Physical.................from Rico

If you have ever observed a good magician, then you will appreciate the art of misdirection and distraction.
- While you watch one hand, or his 'assistant' his other hand is moving unobserved...thus "magic" is made and rabbits are pulled out of hats.

Watching the EPIC paper raids on bullion last week on the COMEX was like observing a magic act, and while being misdirected by the orchestrated and fabricated gyrations, the 'other' hand was trading paper fiat for physical bullion.

Let's ignore the hand we were supposed to watch (the 'rigged' spot prices on the COMEX) and instead pay attention to the hand no one was supposed to see.
- In the last week of October, JP Morgan's Gold inventory dropped by 41% (about 4,000 'good delivery' 100oz bars).
- In the month of October, the COMEX Gold inventory dropped 10%.
- Since August, 1.5 million ounces of Gold bullion have been removed from the COMEX inventory.

That is a LOT of physical Gold.
- If you don't hold some physical bullion soon, at some you will be holding only claim checks for paper (owners of GLD and SLV for example) because the real thing will be gone...Corzined.

I wonder where, and to whom, it is going?
- And WHY?