The Dichotomy Of Paper Vs. Physical Gold And Silver Markets

http://seekingalpha.com/article/1079411-the-dichotomy-of-paper-vs-physical-gold-and-silver-markets

Gold banking is on the rise in South Korea and, according to this Wall Street Journal story, Japanese pension funds began buying gold earlier this year for the first time. A report from Germany indicates people there are "hoarding" gold with some 69 percent of the population now invested in the metal with a per-capita ownership of more than four ounces of gold.

Germans hoarding mountains of gold

http://www.thelocal.de/national/20121212-46729.html#.UNsKSXeeb2k