Submitted by Michael Krieger of Liberty Blitzkrieg
The disconnect between the massive physical buying of gold versus the falling paper derivatives price has now become nothing short of extraordinary. While we have all seen the figures describing the gold buying frenzy in China and India, now we have some more detailed information about what is happening on the ground in Dubai. Incredibly, we find that since the April paper price crash, 50 tons of gold has been purchased, which is the equivalent of the entire amount of 51.8 tons purchased in all of 2012.
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