The problem with paper gold, is when an event occurs which takes...

The problem with paper gold, is when an event occurs which takes away the trust that there is no counter party risk. When trust goes out the door, you will see physical gold move up. This is the event to watch for, and the forces are taking shape, players coming into position. Good luck to the paper shufflers. They are a powerful force, but when they hit the tipping point, then look out gold price.