The Divergence between physical and paper Gold/Silver is at least 30% in any quantity right now, and will continue to increase...Paper Gold is a Joke Now!!!
Look at MF Global...They could not deliver so they send their commodities to London, and declared bankruptcy...
The gold issue will work its way out. We have already have several stories of demand skyrocketing as the price falls. It may be a few weeks, but I can see a stable rising gold price as we come into production. The Ruby mine is profitable down to less than $600/oz. Fraser lower than that. Even at $1000/oz NBRI will do fine. Any more than $1K is icing on the cake.
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