Please Register or Log in to view the hidden image! Caption with photo is: Investors sold 799.8 metric tons from gold-backed exchange-traded products this year, pushing holdings to the lowest since March 2010, data compiled by Bloomberg show. SUMMARY: Much of the gold removed from ETF valuts is finding it way, mainly via refiner in Europe, to Asia as smaller bars, so owners of it at the ETFs can collect premiums of up to about $1630-1230 = $400 per ounce. This will continue until the ETFs have essentially zero real gold backing their paper gold, assuming the Chinese an Indians, don't change their several thousand year old POV that only gold is a safe store of valued, and should be hidden (buried, usually) so even the government cannot take it. Also note my footnote (2) of prior post about CCP doing 180 degree turn to make it easy for Chinese to have "gold bank" accounts (that the governments knows and can confiscate). I doubt many Chinese are falling for this trick. I.e. they will continue to buy gold and burry it. This is also why at least 20% more gold enters China than even the Chinese government knows about, mainly smuggled in across the border with gold rich Mongolia.