You guys know I don't like to be the harbinger of bad news but 15 tonnes being drained in 1 week is something of a record, that's 1322 400oz bars, 189 a day going out the door.
GLD is only one of about 20 ETF's with varying amounts of gold and paper, and if the same thing's happening all over it could be the beginning of something akin to a run on the bank.
Could it precipitate a gold crash? It's possible.
- Forums
- Commodities
- GOLD
- "The GLD Gold Vault is Being Drained"
"The GLD Gold Vault is Being Drained", page-70
- There are more pages in this discussion • 70 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GOLD (COMEX) to my watchlist
The Watchlist
BPH
BPH ENERGY LTD
David Breeze, MD & Executive Chairman
David Breeze
MD & Executive Chairman
SPONSORED BY The Market Online