"With myself and several other precious metals commentators loudly warning investors to shun these banker-scams, there is a very good probability that many/most of those liquidating their ETF holdings are using the proceeds to buy real bullion. If, in fact, that is what is taking place, that means there is a double "hit" to the phony inventory numbers of the cabal with each unit redeemed from these funds."
An excellent article at http://www.bullionbullscanada.com/index.php?option=com_content&view=article&id=8061:bullion-etf-shrinkage-good-for-sector&catid=48:gold-commentary&Itemid=131
By the way, Jon Nadler gets a mention!
bullion-etf shrinkage good for sector
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