” If what he says was true, the price of gold would skyrocket to $3000 almost immediately and it would keep going up.” -K5
I disagree, a bit. If the physical gold custody was fraudulent, there would be a huge difference in price between physical/tangible gold and paper/trust gold.
AFAIK - There is no real difference right now.
The paper/trust gold price would drop compared to the physical gold market (which may or may not rise in price.)
Fixed.