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Lack of supply can only mean 1 thing.
Someone cooked the books on the value of gold. Anyone that supposedly buys gold I would advise to have it in a safe at a location and not expect some gold dealer to hold it...
You need it in you're hands for it to be worth anything. This is a protip from a gold buying and holding "Friend" in my area, and he mines his gold for a living.
This is an old gold buyer/seller trick going back to the 1700's and this sort of thing has happened plenty times before.
Bottom line is if you own gold you better have it on hand or within reach or its not worth shit for nothing.
Holding paper for gold is pointless. Thats not the point of buying gold...
You buy gold to fucking own it on hand or a location, not some jimmy fuck that hands you paper saying you own X amount of gold. LOL! One of the oldest tricks to play on gold minors in the back in the day when the gold rush was on... Banks handed gold minors cash and offered accounts to hold the gold for them then held on to the gold and sold it to rich people on paper. Thing is when the a Bank collapsed or economic change was underway the guys that actually held the gold faired far better than the ones that held paper.
True meaning of Paper Tiger was born.
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