| Ron Struthers, publisher and editor of Struthers' Resource Stock Report, believes the fractional reserve gold system has seen more stress and was probably in good part responsible for cementing the bottom in gold around $1,200 and ounce.
We see that the gold inventories at COMEX and the bullion banks have been steadily declining for the past year. There are not too many places to turn to, if any, for physical supply. It is no secret that record amounts of physical gold have been moving into China, and India continues as a major buyer despite higher import taxes...............................................Full Article: Source
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