The latest statistic regarding physical versus paper gold is that there are 140 ounces of paper gold for every one ounce of physical gold. In short, if everyone that has a contract guaranteeing them an ounce of gold were to ask for their gold at the same time, 139 people would be left holding the bag. This is no different than a run on the bank, and in this case, should there be a run on gold..... the price would be in the tens of thousands of dollars an ounce.
Economy
I saw an ad on AOL this morning for NASCAR apparel starting at $5. Looks like the mighty are falling, but according to CNBC things are improving and the stock market should start going up now. LOL!