The East is Buying Physical Gold While the West is Selling Paper GoldSubmitted by Smaulgld.com on Tue, 10/15/2013 - 08:37
In a video on CNBC the announcer makes the point that the price of gold is dropping as those in the west sell paper gold. In the east, however, the announcer notes that physical gold is being bought en masse mentioning the long lines to buy coins and bars to hold for the long term and t hat such purchases amount to a wealth transfer.
We noted last month that physical buying of gold and silver is increasing while the sales of paper gold and silver are pushing their prices down.
Earlier this week the CME reported a $640 million sell trade on the CME executed almost all in one shot. An example of paper manipulation?