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overselling gold

Cullen,

I know you have little interest in gold, but I have recently read various claims of paper gold to physical gold ratios from 500:1 to as much as 62,000:1.  Even a 500:1 ratio seems like an insane number to me.  How could this possibly be good for an already dismal economical future?  What would the result be if there were a "cash-in" of gold?

troll

Hi Troll,

What do you mean by "paper gold"? Do you mean securities that reflect a certain amount of gold?

 

"Pragmatic Capitalism is the best website on the Internet. Just trust me. Please?" - Cullen Roche

I mean any gold that is not physically held in some manner.  By "cash-in", I mean a demand for physical gold by those who hold gold only on paper.