WHY? Because the FED wants digital money.

There is a tremendous article that pierces the curtain around the manipulation of the LIBOR and the gold and silver markets:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/8/8_Default_Feared_-_Gold_%26_Silver_Paper_Claims_Hit_All-Time_Highs.html

The manipulators are literally risking the financial world, especially the gold stock of the Western world.

I have already posted on how the Bank of England has lost 20% of its gold hoard between February and June. This constant loss continues. How about COMEX? COMEX is also losing gold and may default on delivery. As we see in the Kings World News article, the number of claims on each ounce of gold has now reached 24 and for silver it is 26. Here is the amount of gold stored by the COMEX:

 

 

There are two kinds of gold accounts stored by COMEX: 1. Eligible stocks. These comprise 1000 oz silver bars and 100 oz gold bars. These are PM bars that meat the requirement of purity and authentication and are thus "eligible" to be stored at the warehouse. These bars belong to banks and other institutions and are not available to satisfy obligations such as paper options. Registered stocks have the same purity, but are available for delivery on paper accounts. Note that COMEX stocks of both kinds are dwindling.