Reggie Middleton Interviews GBI: Gold Bullion International part 3 of 5

[2001lextalionis]

@obamaizmanchurian he is Sikh.

I think we should question everyone, I don't care if they guy wears a turban or not. Listen to what he is saying.

My view is that I want the metal in my hands, not where someone says it is being held.

[alexdgonc]

Ore grade and EROI are an important factor. CB's are net buyers for a couple of years now; western CB's have been sellers until recently, but asian (incl. Russia) CB's have been long time buyers and are speeding up. Another relevant thing to talk about is how the price is set, and if you look at how the COMEX. Kyle Bass took delivery of 1 Billion USD (back in March) from the COMEX. If only 4% take delivery, the COMEX would default, they don't segregate the physical gold.