GOLD AND SILVER

The registered  vaults at the GLD will eventually become a crime scene as real physical gold  departs for eastern shores leaving behind paper obligations to the remaining shareholders.   There is no doubt in my mind that GLD has nowhere near the gold that say they have and this will eventually lead to the default at the LBMA and then onto the comex in a heartbeat  (same banks). 

As a reminder the total comex gold had inventories of around 11 million oz in 2011. Today the total comex gold remains to   7.159 million oz  (222.6 tonnes)

GLD gold:  865.71 tonnes.

end





and now for silver:


Nov 15.2013:  Today's reading show a loss of 1.637 million oz!!

Inception Date	4/21/2006
Ounces of Silver in Trust	334,139,170.500
Tonnes of Silver in TrustTonnes of Silver in Trust One metric tonne is equivalent to 1,000 kilograms or 32,150.7465 troy ounces.	10,392.89