Hedgeable Company Blog

A wacky report from the WSJ today-

http://online.wsj.com/article/SB125902295608261455.html?mod=rss_Today’s_Most_Popular

There is huge demand for physical gold these days, a projected rise of 21% this year to 52.3 million troy ounces, the highest in history, according to CPM group. So much so, that HSBC in New York is kicking retail clients out of their vault so they can make room for clients with larger holdings.! Apparently, they are shipping out the gold by the truckload and either relocating it, or sending it back to the owner’s door…at the owner’s expense!!!

With all of this physical gold being snatched up out there it leads us to wonder. What if their was a real-life Goldfinger plotting, an economic terrorist so to speak. If somehow the large deposits of gold at the Federal Reserve or Fort Knox (about 5,000 tons of gold respectively) could be destroyed, just think what would happen to the price of Gold, and any large amounts that governments or rich individuals hold…just a thought