‘Money manager Eric Sprott says, “The central banks’ gold is likely gone with no realistic chance of getting it back.” Don’t expect this revelation to get any coverage by the mainstream media.
Sprott’s analysis shows a “flat supply” and at least a “2,500 ton net increase in gold demand” since 2000. “Where’s all the gold coming from?” asks Sprott. He says Western central banks “. . . keep supplying this market with product in order to keep the price down so nobody knows how vulnerable the situation is.” ‘
Many have long suspected that the vast majority of ‘gold’ that people buy ‘on paper’ is not actually backed by anything…. Luckily, there still are honest funds you can buy into where the physical gold you have purchased is stored.