well I just cant see " the banks" selling their gold now after losing appx $600 per OZ in value they are just now figuring out that "hey we dont need this, sell it"
If they are selling now instead of back in july 2011 or there abouts, they are not very good
by all accounts, GOLD is a hedge and leverage across the board that
will legitimize assets, etc. Its my understanding that most banks
or govts dont hold it to resale it at a higher and hopefully
profitable price later on
Sure, they may use for exchange of currency, etc but the bulk it
appears is a creation of a standardized wealth recognized throughout
the banking community. I would think that owing 200 tons of gold
no matter what the price is the standard, not the amount it may
be worth at any point in time..
Also, you are completely discounting the naked shorting in the
paper market as any type of factor and because of the total lack
of control, its easily and handily manipulated because those that
would prosecute or watch the hen house are the ones that gain
from the results of the naked shorting of paper gold
Gold has been borrowed and re-sold and borrowed and re-sold so
many times and along with the paper market, the amount of gold
it would take to satisfy the REAL demand that should be backing
these trades does not, has not and will not physically exist.
So, while I give your theory and facts a thumbs up for being
"real", its by no means any major part of the reason gold/silver
has been demolished in price per ounce and in my opinion is a
very miniscule part of the overall picture..
But, its what allot of those negative on gold will hang their hat
on while whistling past the graveyard of the paper market..
just my view
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