If you had the unlimited fiat money backing of the world's central banks, you'd dump your paper gold, "never deliver", contracts too, and then you'd buy them back at the new lows to start the cycle all over again. Of course, if you're just one of us serfs, not so much.
I am only expressing my personal opinions or repeating public information from SEC filings or media outlets-which may or may not be correct. Do your own investigating before investing!