Q2 Gold Demand: WGC Can't Spell ‘Decoupling'

``Had the absurd "unique balance" to which the WGC refers actually existed, and a mere transfer taken place from West-to-East from "gold" (in paper-form) to "gold" in the form of coins of bars; there would have been no overall decline in inventories. Instead, as readers saw in the real world; the Comex paper-fraud market experienced its greatest collapse in gold inventories ever -- with no commensurate "inventory" magically appearing in Asia.''