In another article in January – quashing some conspiracy theories – Germany has visited the vaults where the gold is stored and has seen the gold (all 374 tons), as of 2011. Germany apparently has no issue with taking 7 years to recover the gold – other than securely moving 600 tons of it… which is an issue.

Wholesalers are reporting delays in delivering some silver products, such as Canadian maples, of a few weeks. Premiums on sales of metal products increased, and junk silver is nowhere to be found according to market veteran Bill Haynes.

there is a physical shortage. Otherwise, why is it going to take Germany seven years to get only a fraction of their physical gold back from USA? At each gold price dip or plunge, Russia and esp. China are buying with both hands. Don’t be surprised if China one day says their yuan is backed by gold, in a quest to replace the US dollar as the world’s reserve currency.