paper gold default report - february edition, page-6

Thanks for the explanation timber.

Unfortunately I think you just made it look even worse in my eyes.

Especially with "sellers don’t have to own the asset" - kind of reminds me of the guy who sold the Eiffel Tower to the scrap metal dealer.

Good thing I'm a "gold holder" and not a "gold trader" as you put it and I can continue to ignore the COMEX trading.