..if the world was so deprived of gold then don't you think that wall street would know about it!

I think that this discussion has surfaced before. There are 2 forms of gold - bullion, coins, jewellery - stuff you can touch, wear, horde, bury in the ground, and the "gold" that is sold on the Comex and other world electronic exchanges. This is paper, or electronic gold, and the discussion is that there needs to a real connection between bullion and paper.

There is talk about "people" with long paper Comex contracts asking for delivery of the 'gold' in the Comex gold contract. That would be really radical, and you would need deep pockets. If that were a large enough movement, then it would expose the Comex system manipulation. "They" say that 90% of Comex gold contracts are controlled by 2 banks. I do not know what would happen to the 'price' of gold if traders started asking for delivery. I will not use the cliches (explode, go through the roof, etc. I don't think that it (asking for delivery) will happen, IMO.

As long as people (investors, speculators) treat a 100 oz gold contract the same way as a contract of soybeans, then there won't be any change.