Agree city

I would add from a different angle, where did all this gold come from?

I have staten numerous times that I believe GLD prospectus allows secondary storage holders to be unaudited thus making the gold held by them available to the boyz via swaps, leases, and any number of other paper tricks.

With golld mine production going dow, gold investment going up, how does the CRIMEX and LBME keep level inventories? Maybe the same gold in some vaults is owned by more than one owner on paper?

Just to add to the puzzel, today gold closed at $940. GLD closed at $90.21 which suposedly equates to gold at $902. Makes me go hmmm......