"We’re seeing this rush to physical gold not only in the retail...

"We’re seeing this rush to physical gold not only in the retail market, but also for the institutional players...it's just overwhelming. I estimate a 130-to-1 ratio of paper to physical gold and I think in the last week we were really close to triggering a default of the paper market."

Naked short selling! It should be outlawed! Ok if they can drive the price down, but if they cant they are stuffed!