I find it truly amazing that they let the fractional banking...

I find it truly amazing that they let the fractional banking system loose on the ETF market its no different from printing money what a joke.
If they have used the fractional system to its full capacity (which Iam certain they have)that would mean that one ounce of Gold covers 99 ounces of paper gold.
Lets look at it from a different angle if more than 1% ETF holders demanded physical delivery of their gold on any given day then COMEX would default.
It is no different to a run on a bank all the people would be standing outside the COMEX wharehouse with a piece of paper in their hand demanding their Gold.
All that they could say at COMEX is "look sorry we have run out of gold today but we have US dollars instead is that ok?

(just change that sign to COMEX)


Buy real gold people not paper.