The requested delivery of German gold will not be completed until 2020 even though 300 tons could easily be shipped overnight on a few jumbo jets.
In our opinion, the severe pressure on gold prices since April 16, 2013 has been caused by a coordinated bear raid orchestrated by large bank trading desks and hedge funds.
The method used was naked shorting of gold contracts on the futures exchange
(Comex), which means that physical gold was never sold
, only paper
Gold was rarely, if ever, delivered to a buyer
. Trades were settled in cash
FROM: John Hathaway – Five Absolutely Spectacular Gold Charts http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/7/1_John_Hathaway_-_Five_Absolutely_Spectacular_Gold_Charts.html