Amber Gold, another MF Global

This is very important news. It seems that more and more ponzi schemes are showing themselves. Gerald Celente already lost in the millions when he bought paper gold (which was to be delivered in physical a few months later). Now Amber Gold isn't going to pay back their customers as reported by Zerohedge.

It's reported that 7000 people lost their money and may not ever get it back, or only a percentage of it.

I recommend everyone to start asking for physical delivery of gold, because this is going to worsen in the future. Only pay cash when you get your piece of physical gold in your hand.

On another note, Soros and Paulson increased their positions in GLD yet again. Soros more than doubled his position compared to a few months ago.