The central banks around the world led by our own Fed are likely backstopping the massive selling of paper gold contracts in order to suppress the negative effect of real money on fiat currencies. They have been amazingly successful with this strategy and there are reports of recent paper contracts to physical gold at a ratio of 500 to 1. (500 times more gold promised than gold available to deliver) How long it can continue is anyone's guess, but when it does it should be historic.
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!
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