Demand for physical gold increased in December as buyers took advantage of a recent pullback in gold prices. According to production figures from the U.S.
"Will gold bullion sales continue to decline? The recent implosion of MF Global along with unrestrained money printing by central banks should provoke some clear headed thinking by investors. Customers of MF Global who thought they had warehouse receipts for physical gold and silver were shocked to find that the bankruptcy trustee put all assets into a single pool to cover claims of all customers who have lost billions of dollars.
"Paper assets can be vaporized in an instant, even those that are allegedly backed by physical assets such as gold and silver. A question well worth pondering is "Could what happened at MF Global also happen to investors in the gold trust ETFs"?"