Not Enough Gold To Pay All Holders Of Gold Obligations

By Hubert Moolman
29-Sep (GoldSeek) — It is often reported that governments and central banks have for years leased or sold their gold to bullion banks; therefore, they are unlikely to possess the tons of gold, they are said hold. Also, the bullion banks seem to be under enormous pressure recently. Just look at the recently reported spike in the gold coverage ratio on COMEX, with, there being over 200 ounces of paper gold claims for every ounce of deliverable gold (as reported on zerohedge.com)

This made me think of whether there is a pattern visible on the charts that could link the current physical gold shortage to the famous gold shortages of the 30s and 70s. During those famous gold shortages, there were gold promises/obligations in existence that would never be settled. They have still not been settled, and have been instrumental in pushing gold prices much higher.

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