Comex Snaps: Gold Dilution Hits Record 542 Oz For Every Ounce Of Physical
By GCRU Gold News on Tuesday, January 26 2016, 23:06 - Permalink
As the chart below shows - which is disturbing without any further context - the 40 million ounces of gold open interest and the record low 74 thousand ounces of registered gold imply that as of Monday's close there was a whopping 542 ounces in potential paper claims to every ounces of physical gold. Call it a 0.2% dilution factor.