First published by Money Metals here:
https://www.moneymetals.com/news/2017/04/04/ten-trillion-paper-gold-market-001038
How do you depress the physical gold price? It’s quite easy… you throw $10 trillion paper dollars at it. Not only did global paper gold trading amount reach a new record in 2016, it surpassed the previous year’s total by nearly 50%. This is simply amazing when we look around at the staggering amount of insanity taking place in the financial markets.
