The Pan Asia Gold Exchange and Hugo Chavez, a curious meeting of minds?

If you can understand this article, you will understand why the prices of physical gold and silver will be much higher going forward.  The author explains the difference between paper claims on unallocated gold and silver, in contrast to physical, deliverable bullion.  When the inevitable shortage on physical inventory materializes, the prices for physical bullion will soar and decouple from the contractual, paper prices.  Many who thought they owned gold and silver will be left holding the proverbial bag.

It's a shell game the bullion banks and central banks are playing--and the suckers are the citizens. 

http://www.cheviot.co.uk/news/2011/08/the-pan-asia-gold-exchange-and-hugo-chavez-a-curious-meeting-of-minds/