r.o.t.f.w.l. !!

You think real life works like in school books ?


[1] - buy 10 Oz gold from the gold market which has, say, 100 Oz cap

[2] - create a gold ETF

[3] - generate 100 1 Oz contracts for each 1 Oz of physical in your vaults

[4] - make sure nobody ever audits your vaults (especially not the Germans). If they ask, just let them see 1 room containing a 1% sample of their holdings

[5] - start printing huge quantities of the currency of your choice

[6] - simultaneously flood the commodities markets with naked gold shorts (of which you posses a similarly limitless supply) to keep traders in their currency long positions

Simple !

(...Until your bluff is called by somebody that happens to have 100 times the amount of physical that you do. Somebody, for example, who has spent the last 5 years hoovering up every ton of gold on the planet they can get their hands on).