Thursday , 24 August 2017


Gold? What Gold? The Great 56:1 Imbalance

So you think you own some gold because you own a gold ETF. Right? Think again! Atgold-truth best you share your gold with 55 other supposed “owners”. What a sham the gold market is. An utter sham! Here’s why.

By Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com and www.munKNEE.com and the FREE Market Intelligence Report newsletter (sample hereregister here).

It should come as no surprise to anyone that the gold that is claimed to exist in Fort Knox or any of the other gold depositories around the world does not exist to the extent claimed. Why? Because when Germany’s representatives came to New York and politely asked (and I paraphrase):

We would like to physically see our gold before making arrangements to have it returned.

they were rebuffed with the reply,

Sorry, no one is allowed access to the vaults to inspect/verify their holdings. As for having it returned, no problem. We are prepared to return 50% of it to you over the next 7 years. We realize that you are one of the major economic powers in the world with major political clout and major financial resources at your disposal but, sorry, that’s the best we can do.”

If that is not enough to convince you that your paper gold holdings, supposedly backed up with an equivalent amount of physical gold, do not exist then take a look at the 2 graphs below which clearly show the discrepancy – a 56 to 1 discrepancy – between what is purported to be in the coffers of COMEX and the actual number of owners per troy ounce.

Gold-Paper-Claims-On-Physical-Oz

The bottom line is that you do NOT own much, if any, gold if you own paper gold in the form of a gold ETF. You only really own gold if you have it in your physical personal possession.

Got gold? Really??

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