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10 to 1: Have Banks Selling Gold ETF's Been Depleting Gold Reserves?

04-09-2010 • ZeroHedge.com

Extrapolate a comparable dilution of IAU holdings in all the other vaults, it would appear that instead of holding just under 2.5 million TOz of gold, the ETF only has access to one-tenth of this amount, or just under 250k troy ounces.

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