>Right - so that's definitely not a long-term business model for sustaining higher prices. Ah, I apparently missed the part where this was suggested as a long

>Right - so that's definitely not a long-term business model for sustaining higher prices. Ah, I apparently missed the part where this was suggested as a long term thing. In that case, you're right. This isn't a method for long term price manipulation. >Thanks. ETFs acting on a fractional-reserve basis - interesting topic. That's different to futures though. I don't buy the ratios, either. The info came from a Wall street exec who said that the ratios were easily 100:1, perhaps more but not to worry because blah blah, you can't understand, blah blah, gold futures, etc. I didn't glean much info from it because he didn't seem all that interested in giving much.