as of jan 1st. the banks are allowed to value their gold assets at fair value,instead of at 50%.So,do you think for one minute they will hold paper? Hell no they can double their assets value holding the metal. Gold is KING!
Yeah but the banks can lie about how much gold they really have. They are experts on lieing and deceiving,jpm example.This will probably benifit them in some way to help them steal more money and control the price of gold.