This begs an obvious question. Where is all this gold coming from?
It's not coming from the gold miners. Currently,
Note that by itself this already creates a large supply deficit in the gold market, one which can only be addressed by supposed "recycling." The mainstream media would have us believe there is virtually an inexhaustible supply of gold waiting to be recycled each year. This myth is fueled by the recordkeeping of GFMS itself.
In the fantasy world in which GFMS operates, supply perfectly matches demand every year, right down to the ounce. Gold inventories never change. If there is a supply-deficit of 1,700 tons in 2011, presto!, 1,700 tons of "recycled gold" appears in the marketplace to balance all the ledgers.You don't have to be a cynic like myself to note the only "gold" that can be instantly/magically conjured up to meet any level of demand is the "paper gold" which banks like
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