These numbers are huge. Who is the buyer? Sovereign Wealth Funds? Pension Funds? Hedge Funds? Cartel? All of the above. I hope the regulators are on top of this one. There is not enough Gold above the ground to meet this demand IF GLD IS LEGITIMATE.
06 Feb 2009
|
27,881,022.07
|
867.19
|
25,453,719,825.83
|
09 Feb 2009
|
28,353,034.67
|
881.87
|
25,373,481,387.18
|
10 Feb 2009
|
28,766,041.84
|
894.72
|
26,167,139,271.04
|
11 Feb 2009
|
30,064,054.34
|
935.09
|
28,197,020,005.48
|
***Garic just informed us GLD added another 35 tonnes to bring the new record total to 970.57 tonnes.
Australia’s Nick Laird sends us a superb graphic on the same note with a bigger picture view of growing demand for "flight to quality" gold…