Gold ETF Market Breaks: BlackRock Suspends ETF Issuance Due To "Surging Demand For Gold"

Zero Hedge ^ | 4 Mar 2016 | Tyler Durden

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BlackRock's Gold ETF (IAU) has seen fund inflows every day in 2016 (no outflows at all) and with the stock trading above its NAV for most of the year, the world's largest asset manager has made a significant decision:

•*BLACKROCK SAYS ISSUANCE OF GOLD TRUST SHARES SUSPENDED
• *BLACKROCK SAYS SUSPENSION DUE TO DEMAND FOR GOLD

...

It appears the huge demand for physical gold (and lack of supply) is finally catching up with the manipulation of paper prices.

If this is anything other than a brief technical suspension, it could well unleash panic-buying as we already pointed out - there is no physical gold!

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I've been warning that, "rising gold prices in the face of falling commodities is a red flag!"

Related:

The Revolution Begins: German Banks Told To Start Hoarding Cash

http://www.zerohedge.com/news/2016-03-04/revolution-begins-german-banks-told-start-hoarding-cash

[DocRock]

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[loungitude]

Didn’t Canada just dump a bunch?

[amorphous]

It's Official: Canada Has Sold All Of Its Gold Reserves

http://www.zerohedge.com/news/2016-03-03/its-official-moment-canada-has-no-gold-reserves-left