This absolutely doesn't look good for holders of COMEX physical gold stock. Get your gold while you can... Registered stock dropped to 202054.54 troy ounce or 6 tonnes.
This is how the paper to physical gold leverage looks like. Eligible to registered gold is at 34 to 1.
Which is confirmed by the sudden rise in premium.
This is how the paper to physical gold leverage looks like. Eligible to registered gold is at 34 to 1.
Silver is also getting scarcer as stock is falling.
Which is confirmed by the sudden rise in premium.
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