From one of the sharpest minds in the industry...

http://www.mineweb.com/mineweb/content/en/mineweb-gold-analysis?oid=220618&sn=Detail

EXTRACT:

The same physical demand that has caused an apparent unwinding of trades in the paper market will therefore drive a “new leg in a secular bull market for gold”, with an eventual “implosion of credit structures” in the gold futures markets of London and New York.

Quoting US Senator and outspoken Fed assailant Ron Paul, Hathaway said that if there was any gold in Fort Knox then it was “encumbered by so many lending agreements to banks and their clients that having it there physically is meaningless.”

ValuePro says, remember that Germany recently asked that their gold held at Ft. Knox be returned. They were told to wait several years. ...told to wait for THEIR GOLD!