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Subject Rick Santelli "Just wait until buyers of paper gold figure out there isn't enough physical to back it."
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Original Message People are on edge.

The talking heads on CNBC are at each others' throats.

When fighting about gold....Rick Santelli said something along the lines of, "The price of gold itself for whatever reason is telling us something is wrong. The problem is, as people run into these ETF's like GLD and push the prices up....what happens when they find out that there isn't enough physical gold to back all the paper they are buying?"


Hopefully there is a video up soon....but that is a DAMNING thing to say on financial TV. Basically telling everyone...if you don't have physical gold in your hands...you don't own it.

Things are getting goofy out there.
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