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I'm not sure I understand this, but I think it's because a guy who made half a billion dollars on credit default swaps in the mortgage meltdown told them to. His reasoning (I think): If everyone who owns gold on paper actually asked to have that gold delivered, there would be a huge run and there wouldn't be enough gold to go around. So UT better get while the getting's good. The value of the Evil Empire's gold bars is almost $1 billion.
As the value of the metal reached an all time high today of $1,489 an ounce, something feels very apocalyptic about this.
