I agree that the GLD doesn't hold all the gold it states but I do know 100% for sure it does hold all the money invested because this is audited. The point of the chart is more that money continues to chase gold investments and frankly gold should be leading investment higher as it has done since the inception of the GLD until recent months. This further supports demand for gold is high but COMEX price is controlled more now than previously because of the fear of new highs in price discovery. I suspect this will end shortly resulting it a very large move higher for CRIMEX gold price.