Reporting from the Mines and Money conference in London, Mineweb's Lawrence Williams quotes the Tocqueville Gold Fund's John Hathaway as attributing gold's recent price decline to the liquidation of paper gold that has been caused by the scramble for real metal. Hathaway is quoted as predicting an "implosion of credit structures" related to gold, and as asserting that any U.S. gold reserve remaining at Fort Knox is "encumbered by so many lending agreements to banks and their clients that having it there physically is meaningless." Williams' report is headlined "Paper Implosion Bullish for Gold, Says Tocqueville's John Hathaway" and it's posted at Mineweb here:
http://www.mineweb.com/mineweb/content/en//mi...ysis?oid=220...
