Hold isn't scarce because governments have figured out to print gold by gold that is bought and sold on the books only.
All the more reason to hold gold. If that bubble ever unwinds and the fake gold that's on the books disappears, the gold you physically hold will be worth a lot more.
Looking at gold price declining against inflation I believe that this scam is two decades old.
Remember that bank that had 3000tons of silver on the books that didn't exist in reality?
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