the beginning to the end of the USD system, a system that used paper claims as reserves.
If you have a paper commodity or paper gold position with a broker, you need to start to worry about the safety of your assets. As has been reported, even allocated gold accounts with brokers are nothing but unsecured creditors in the event of a broker bankruptcy.
The wise ones will dump their paper positions, grab the money and run, run into physical ownership.
The paper piles will burn!