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"disappearing gold"

This Jeff Thomas article gets at the "shell game" aspects of the dual market of physical and paper gold. I'm sure many of the same dynamics are present with silver. If he's right, no one really knows to what extent the paper and the bars align. If the double-counting is occurring with gold, it may also be true with silver and account for the differences between opinions about excesses and shortages. It seems a relative certainty, though,that there will NOT BE MORE of the metal than the paper says.
Markets (governments) can remain irrational longer than an investor can remain solvent.

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