A Hedge Fund Could Buy All The Registered Gold For Under $900 Million

SAN FRANCISCO  (Sept 15)  In last week's report, we saw a relatively quiet week with registered COMEX gold inventories continuing to drop while eligible gold inventories rose. This week was another quiet week at COMEX gold warehouses, but that didn't stop us from seeing a new all-time low in COMEX registered gold inventories as they dropped close to 665,000 total gold ounces.

This is something that should be very relevant to investors who own physical gold and the gold ETF's (GLD, PHYS, and CEF) because any abnormal inventory declines may signify extraordinary events behind the scenes that would ultimately affect the gold price.

      (Source:  HEBBA INVESTMENTS)