Well, about 23 percent of the paper gold is backed by real gold. The paper is much like Ron Paul's Gold standard.


Interesting. How did you work out how much paper gold there is in circulation?

And how did you make sure that this was a genuine shortage? Example: A owns 100g of gold. B has a contract with A for A to give B 100g of gold tomorrow. C has a contract with B for B to give C 100g of gold next week. D has a contract with C for C to give D 100g of gold next month. E has a contract with D for D to give E 100g of gold next year.

That's 400g of paper gold in circulation, and only 100g of actual gold, but there's no shortage of gold and no fraud. When you counted up all the paper gold in circulation, how did you account for situations like this?