Shortages ?
Posted: 10 Aug 2015, 18:14
Public demand for gold and silver coins, rounds, and bars suddenly skyrocketed since mid-June – particularly among first-time customers – to multiples of earlier demand levels, according to Money Metals Exchange, a national precious metals dealer in the U.S.
From June 16 to July 31, Money Metals Exchange experienced a 135% surge in gold and silver sales over the prior 45-day period (which was representative of the early months of 2015). Since June 16, the number of first-time customers rose even more dramatically, with 365% more new purchasers than the prior period. – ( Mac Slavo’s SHTFPlan.com as sourced from Silverdoctors.com)
Not only is retail mint demand spiking up to the extent that it’s depleting the ability of western mints to provide enough supply, but Indian demand for gold was unusually strong in July:
There is growing speculation that around 80 tonnes of gold may have been imported into India in July – though this will not be confirmed until the first official estimates are published mid-month.
If confirmed, the number would be nearly double initial market expectations of 40-50 tonnes. In July 2014, official estimates valued gold imports at $1.8 billion – which at the time equated to around 43 tonnes. – Fastmarkets.com
Furthermore, massive deliveries continue to flow into the Shanghai Gold Exchange, as delivery volume Monday was “an immense” 85.5 tonnes, which followed Friday’s 45.6 tonnes (sourced from John Brimelows “Gold Jottings” report). As JB ominously states: “Something is happening in China.”
When I first started looking at the precious metals markets in 2001 – and all of the related geopolitical and economic issues connected to gold and silver, aka real money – I was intrigued by GATA’s assertion that eventually the demand for physical gold that was required to be delivered to the buyer’s possession would eventually blow up the paper gold/silver manipulation scheme.
While it’s taken a lot longer than any of us could have possibly predicted as I don’t think any of us foresaw that extreme degree of fraud and corruption that has been allowed to completely engulf the western political and financial systems, I believe that we are on the cusp of Bill Murphy’s “commercial signal failure.” This occurs when the bank manipulators are unable to fulfill paper gold and silver delivery obligations and the price of physical gold and silver completely disconnects from the fraudulent paper prices set on the Comex and the LBMA.
http://investmentresearchdynamics.com/t ... er-market/
From June 16 to July 31, Money Metals Exchange experienced a 135% surge in gold and silver sales over the prior 45-day period (which was representative of the early months of 2015). Since June 16, the number of first-time customers rose even more dramatically, with 365% more new purchasers than the prior period. – ( Mac Slavo’s SHTFPlan.com as sourced from Silverdoctors.com)
Not only is retail mint demand spiking up to the extent that it’s depleting the ability of western mints to provide enough supply, but Indian demand for gold was unusually strong in July:
There is growing speculation that around 80 tonnes of gold may have been imported into India in July – though this will not be confirmed until the first official estimates are published mid-month.
If confirmed, the number would be nearly double initial market expectations of 40-50 tonnes. In July 2014, official estimates valued gold imports at $1.8 billion – which at the time equated to around 43 tonnes. – Fastmarkets.com
Furthermore, massive deliveries continue to flow into the Shanghai Gold Exchange, as delivery volume Monday was “an immense” 85.5 tonnes, which followed Friday’s 45.6 tonnes (sourced from John Brimelows “Gold Jottings” report). As JB ominously states: “Something is happening in China.”
When I first started looking at the precious metals markets in 2001 – and all of the related geopolitical and economic issues connected to gold and silver, aka real money – I was intrigued by GATA’s assertion that eventually the demand for physical gold that was required to be delivered to the buyer’s possession would eventually blow up the paper gold/silver manipulation scheme.
While it’s taken a lot longer than any of us could have possibly predicted as I don’t think any of us foresaw that extreme degree of fraud and corruption that has been allowed to completely engulf the western political and financial systems, I believe that we are on the cusp of Bill Murphy’s “commercial signal failure.” This occurs when the bank manipulators are unable to fulfill paper gold and silver delivery obligations and the price of physical gold and silver completely disconnects from the fraudulent paper prices set on the Comex and the LBMA.
http://investmentresearchdynamics.com/t ... er-market/