Paper Gold has to be flushed down the toilet. Until that happens and regular folk, small banks, central banks, and funds start demanding possession of what's supposed to be backing their paper, the spot price will stay pretty much stagnant.

It's looking to be that so called gold-backed ETF's are becoming just another fiat asset / currency in this whole scam we come to know and depend upon as money.

Everybody needs to demand physical possession now! Until that happens, fundamentals be damned; spot price and gold companies will never be recognized for their true value.

The recent repatriation and Basel III are good signs. The tide seems to be turning now that people are waking up to the fact that they've been "had".

JMHO