Very astute VHF and in regards to the Indian gold purchase months ago of 220 tonnes, I expect they will never get physical delivery but probably had a nice computer entry made in their creidt for this amount of gold purchased. Don't know if the truth will ever come out regarding the lack of actual central bank holdings which are unencumbered versus what they claim but if it does the price of gold will be into the seven digits per ounce. If the ponzi scheme continues and is never revealed gold will have to settle for something more mundane like Bill Murphy's estimate of $4000 or Rob McKewan's $5000.