here's an anecdote from lemetropolecafe.com today. unverified, and perhaps apocryphal, but it has the ring of truth to it, just the same:

A couple of months ago one of the wealthiest men in America went over to the LBMA to check on his precious metals holdings. In particular he was concerned over the flap made by Adrian over the unallocated accounts over there and the amount of gold traded versus what they have in the vault. The LBMA guy confirmed what Jeff Christian has told the investment world: that it is about 100 to 1. The American then asked what happens if 2% want to take delivery at the same time. The LBMA response was priceless: "Then we go into price discovery."

This wealthy investor then took his precious metals investments out of the LBMA and sent them to Brinks.