Has the collapse begun? Is paper gold selling in a panic to buy physical?

[mamboni]

The paper prices of gold and silver appear to be in free fall collapse. This is far faster than even TPTB would want IMHO because it puts tremendous strain on the bullion supply and is disruptive to markets. I am now wondering: are paper gold and silver prices collapsing as large players panic out of paper and make a mad dash for physical bullion? Why are COMEX inventories suddenly dropping in a waterfall? Why are GLD shares being redeemed at such a rapid pace? I am past worrying about the prices of gold and silver vis-a-vis my physical holdings. I have a bed feeling about what is transpiring now. I sense panic and fear, and those are never good when they're associated with markets. What do you guys think: is this just a mid-70s style vicious correction or is the bottom falling out of the paper gold market in prelude to the big collapse as foretold by FOFOA?