Paper-Gold Holders Flee To Real Metal

http://www.bullionbullscanada.com/gold-commentary/26136-paper-gold-holders-flee-to-real-metal

During the recent, massive slaughter in the (paper) gold market, investors have been bombarded with a million-and-one “explanations” by the mainstream media as to why people are “fleeing gold”. The problem is that not one of them is consistent with the known facts.

It has been widely reported that holdings of gold-ETF’s have plunged (by the largest amounts on record). At this point analysis becomes simple: if these people were “fleeing gold” there would be massive stacks of gold piling up in warehouses – as people discarded all of this “unwanted” yellow metal.

So, where is the gold?