There is a bubble in paper claims on gold. I believe a ratio of 100/1 which may appear high, is still conservative.
The physical price of gold is all that matters.
And if you do not hold it you do not own it.
The physical price of gold is all that matters.<<
BINGO!...You know its a ruse when the spot drops but the premium rises!....They can manipulate the spot and futures, but that cant manipulate the price/premium someone will actually sell their gold!
As an example, If gold goes to $700..the premium will rise accordingly....probably around $300- $600..hence rendering golds REAL value @ $1000-$1300