This is a reflection of the rising concern that the gold might not be there when it is most needed.

Unknown to most of the public is that "Gold Banks", i.e. friends of central bankers, can borrow (aka "lease") gold from central banks, and use if for their own financial games. It means that gold lent is counted as a asset by the lender, AND as an asset by the borrower, though they may have built a pyramid of financial derivatives around the "leased" asset.

If, say, JP Morgan, goes down, how will they be able to return the gold they've "leased"? In fact, most of the gold counted as assets on deposts at the word's largest financial institutions does not exit, except as bookkeeping entries.

http://www.kitco.com/market/LFrate.html

My point is, the only real gold is that which is in your hands, or confirmed in the ground yet to be mined.

VP in AZ