Nov 30

Paper Gold Dilution Hits 294x As Comex Registered Gold Drops To New All-Time Low:

According to the latest data, total Comex Registered gold dropped by another 11% overnight to just 134,877 ounces, just over 4 tonnes and another all time low, and since the gold open interest remains largely unchanged, the physical gold coverage ratio, or the ratio of gold claims to Registered gold, has just hit an all time high of 294 ounces of paper for every ounces of physical.

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One Response to “Paper Gold Dilution Hits 294x As Comex Registered Gold Drops To New All-Time Low”

  1. squodgy Says:

    Now it is 325X

    http://www.activistpost.com/2015/12/gold-analyst-warns-there-are-about-325-paper-ounces-for-every-physical-ounce-backing-it.html

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