HUGE PRECEDENCE BEING SET FOR PHYSICAL GOLD.....Miners/new drills will explode in the next couple of years just to keep up with demand. WHY??
There’s a run on the Comex for physical Gold Since Comex has sold more claims then they have Gold, they’ll have to start buying Gold themselves to make deliveries. Most people don't know this about gold but future exhages run a fractioanl reserve model because typically very small portion takes delivery of the contract but that's changing for obvious reasons,
WHAT HAPPENS WHEN JUST 10% WANT THEIR BULLION?
Watch the video, Kyle Bass is a great investor whom shorted the US housing prime bubble to the tune of a few $B effectively BTW!
https://www.youtube.com/watch?time_continue=5&v=hdyqwVEvyfY&feature=emb_logo