Daytr,
I agree with you here.
From memory the ETF's sold some 700T of gold last year due to liquidation. (dont hold me to the exact figure but it is somewhere around there from memory.) The ETF holding has increased 22T this year according to Eric Sprott which means that this year should the ETF holding stay as it is or slightly increase thats over 720T of gold that was available last year that potentially isnt this year especially if it all went to China.
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