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Currency Wars and the Ghost of Bear Stearns – The Mass Exodus of Gold Bullion
**CAF Note: Reported gold inventories show significant drops in the US and European positions**
By Jesse’s Café Américain
Here is one take on the gold inventory conundrum that I posted about last night. I am not entirely comfortable with the full extent of this analogy. Perhaps it is because I had always imagined that coat check rooms were for the most part honestly run with no leverage, lol.
“Quoted gold prices are like a coat check room at a nice hotel. Imagine that over time things develop so that there are 60-100 coat check tickets for every coat in the coat room. ”
