A Simple Experiment to Disprove the Alleged Gold/Silver Price Suppression Schemes | zero hedge

A Simple Experiment to Disprove the Alleged Gold/Silver Price Suppression Schemes zero hedge

It should be a very simple experiment to disprove the price suppression theory. All you have to do is convert 10% of all of your gold and silver paper/ETF's etc... into physical gold that you take delivery of. Simple, just get everyone you know who is invested in gold and silver paper to do the same. If the physical gold and silver exists, there will be no problem. The issue at hand however is that the big bullion banks have been issuing paper and have created a fractional reserve system wherein they are not physically holding the gold and silver that the paper says they are.
Estimates are somewhere between 1 and 3% of all the paper that has been sold is actually backed by the metals that the paper guarantees.
When people finally get wise to this, there will be a run on the banks like no one could ever imagine. There is a metals bubble, but it's not going to burst, it's going to skyrocket. If you are currently in physical possession of precious metals, you will be the new wealthy class.