PM stockpiles (staggering data)

[Large Sarge]

It is truly astounding that somewhere around 4/5 of the gold mine supply is going to one country. The only way this can be is if the western central banks are dumping more and more of their available central bank supply to meet the staggering demand by the Chinese.

At some point the available central bank supply is going to have to dry up. They will hit the wall. And when they do, the price of gold will go ballistic, and then some. For the time being, the West does not seem to care. Or perhaps, they have another agenda in mind. Whatever is going on behind the scenes, it is leading to a gold price explosion which will stun the investment world.
Inputs and comments
*Trader Rog on Sunday night…
hi bill,
please check my figures on this...
London Bullion (LBMA) is out of gold and silver. The COMEX is the largest repository of both. Right now the COMEX has a mere half million ounces of gold for sale ("registered"). This means everyone in America could buy 1/600th of one ounce of gold.That is $2 worth. J. P. Morgan is buying up all the gold along with smart countries like Russia, China, and Iran.
The same situation exists with silver. There are about 50 million ounces of registered silver for sale on the COMEX. This would allow everyone in America to buy 1/6th of one ounce. That is $3 worth.
The rest of the world would not get any gold or silver of course. We only have 5% of the world population. This is why I'm buying silver bullion at these levels. This is the Big Picture we should all be looking at.

[EE_]

It is truly astounding that somewhere around 4/5 of the gold mine supply is going to one country. The only way this can be is if the western central banks are dumping more and more of their available central bank supply to meet the staggering demand by the Chinese.

At some point the available central bank supply is going to have to dry up. They will hit the wall. And when they do, the price of gold will go ballistic, and then some. For the time being, the West does not seem to care. Or perhaps, they have another agenda in mind. Whatever is going on behind the scenes, it is leading to a gold price explosion which will stun the investment world.
Inputs and comments
*Trader Rog on Sunday night…
hi bill,
please check my figures on this...
London Bullion (LBMA) is out of gold and silver. The COMEX is the largest repository of both. Right now the COMEX has a mere half million ounces of gold for sale ("registered"). This means everyone in America could buy 1/600th of one ounce of gold.That is $2 worth. J. P. Morgan is buying up all the gold along with smart countries like Russia, China, and Iran.
The same situation exists with silver. There are about 50 million ounces of registered silver for sale on the COMEX. This would allow everyone in America to buy 1/6th of one ounce. That is $3 worth.
The rest of the world would not get any gold or silver of course. We only have 5% of the world population. This is why I'm buying silver bullion at these levels. This is the Big Picture we should all be looking at.



Meanwhile, most of America has lost interest in gold and silver.

[gunDriller]

Meanwhile, most of America has lost interest in gold and silver.

and Jewy CFA's like Puplava are telling people to sell their PM's (at the low) and buy stocks (at the high).

Fvck Fundamentals /sarc

[mick silver]

less they have the cheaper it gets . makes alot of sence huh

[chad]

It is truly astounding that somewhere around 4/5 of the gold mine supply is going to one country. The only way this can be is if the western central banks are dumping more and more of their available central bank supply to meet the staggering demand by the Chinese.

At some point the available central bank supply is going to have to dry up. They will hit the wall. And when they do, the price of gold will go ballistic, and then some. For the time being, the West does not seem to care. Or perhaps, they have another agenda in mind. Whatever is going on behind the scenes, it is leading to a gold price explosion which will stun the investment world.
Inputs and comments
*Trader Rog on Sunday night…
hi bill,
please check my figures on this...
London Bullion (LBMA) is out of gold and silver. The COMEX is the largest repository of both. Right now the COMEX has a mere half million ounces of gold for sale ("registered"). This means everyone in America could buy 1/600th of one ounce of gold.That is $2 worth. J. P. Morgan is buying up all the gold along with smart countries like Russia, China, and Iran.
The same situation exists with silver. There are about 50 million ounces of registered silver for sale on the COMEX. This would allow everyone in America to buy 1/6th of one ounce. That is $3 worth.
The rest of the world would not get any gold or silver of course. We only have 5% of the world population. This is why I'm buying silver bullion at these levels. This is the Big Picture we should all be looking at.



yet any online retailer has as much as you want to buy., no shortages anywhere. grain of salt.

[mamboni]

yet any online retailer has as much as you want to buy., no shortages anywhere. grain of salt.

Most metals dealers are brokers who source most of their metal and don't keep large stockpiles in inventory. In any event, the fate of gold and silver is in the hands of private investors. As long as the latter are not interested the metals will languish. Historically, metals inventories are at record lows. And mine output is declining substantially because of higher input costs, lower spot prices, deteriorating ore grades and slashed exploration budgets. TPTB know that the key to controlling the metals is the paper trading on the COMEX and LBMA to suppress prices. All the while physical supply is depleting and the industry is atrophying. Never before have the central banks and the system been so leveraged and the fiat money system so prone to collapse. The volumes of fiat money in existence today stagger the imagination. The fundamentals for the metals are far and away the best in all recorded history. But perception is reality and TPTB understand that the best way to kill investment sentiment in the metals is a slow agonizing grind down in price. Concievably, TPTB might succeed in extinquishing all investment interest in the metals on their way to a universal Ecurrency. History says otherwise but we are in a brave new world so who knows. I think China is the key. They are massively accumulating gold bullion and I for one see this as a masterful strategic maneuver. They are buying gold to be the foundation of their monetary system. As China is to be the dominant economy in the world, if China remonetizes gold then the world will have to follow suit. This is incredibly bullish for gold and silver because physical inventories, whether measured per capita or against fiat money aggregates are incredibly depleted. Patience is golden.

[Sparky]

The fundamentals remain good. The price will turn when J.P. Morgan and Goldman Sachs switch to long positions. Neither one has blinked yet. When one does, the other will follow suit. Then the rest of the big banks will jump in. Then the big fund managers. Then the financial planners. Then the retail market, which is always last.

A friend of mine had put some long term money in a bear market fund (which held gold) a year ago. I saw him last week, and he told me his financial advisor has already pulled it back out because of gold's poor performance. That told me something about how these financial advisors think. This is what J.P. Morgan and Goldman want. They need to squeeze all that money out of them before they turn long.

[Ponce]

Patience is golden?..........hahahaahahahahha.........patience is silver...........going on 31 years.

Remember what I told you about "regular" everyday coins.....save all that you can and a thank you will give me.

V

[Sparky]

Patience is golden?..........hahahaahahahahha.........patience is silver...........going on 31 years.

Remember what I told you about "regular" everyday coins.....save all that you can and a thank you will give me.

V

I'll give you the thank now. Sometimes I wonder why I hang on to so many of those "regular" coins. Then I think of Ponce. :D

[Spectrism]

Regular coins are at least not federal reserve debt money. Coins are minted under the direction of the treasury.

Gold is a wealth protector for the future. Unfortunately, I don't think there is much future to build into. Consider what happened to the rich in Russia. The revolution swept away all they had.... unless they were able to hide it well and survive the turmoil.

Suppose China collects up 70% of the world's PMs- including rare earth metals. And suppose I am wrong- that the world will continue on without major interruption for at least another 20 years. Where will the wealth of China be in 20 years? 10 years? 5 years?

A nation that is beaten militarily is also subject to rape & pillage. If you cannot defend your way of life, it matters not what wealth you hold. Amerika has given away its defenses.

Message: figure out how to hide your wealth in small packets that cannot be found by the searchers, yet you or your designated trustee can locate them undetected.