Gold has done its job providing investors with liquidity in times of uncertainty - Standard Chartered’s Cooper - KITCO

Cooper's statement validates what we've been saying for years. Gold isn't just a hedge, it's the ultimate liquidity tool when markets seize up. The key difference is banks think in terms of paper trades while we think physical delivery. When uncertainty hits, paper gold gets liquidated but physical gets hoarded. The recent COMEX delivery numbers show this divergence clearly. Registered inventory keeps dropping while eligible sits untouched. Banks provide temporary liquidity by dumping futures contracts. Stackers provide permanent wealth preservation by taking delivery. Two different games, same metal.