It’s virtually impossible to get physical gold in London.....Koos Jansen

[Serpo]

https://www.bullionstar.com/blogs/koos-jansen/its-virtually-impossible-to-get-physical-gold-in-london/


(https://www.bullionstar.com/blogs/koos-jansen/its-virtually-impossible-to-get-physical-gold-in-london/) It’s virtually impossible to get physical gold in London Just after my colleague Ronan Manly (https://www.bullionstar.com/blogs/ronan-manly/) wrote a very extensive article (https://www.bullionstar.com/blogs/ronan-manly/how-many-good-delivery-gold-bars-are-in-all-the-london-vaults-including-the-bank-of-england-vaults/) on how much gold is left in London (not much), Petropavlovsk Chairman and Co-Founder Peter Hambro discusses gold at Bloomberg Television. He, like Manly, concludes there is very little physical gold left in London. From Mr Hambro:

My baseline is they [the Chinese] have been buying and the Indian have been buying in enormous quantities. It’s virtually impossible to get physical gold in London to ship to those countries. We get permanent requests from Russia, would we please sell our physical gold to India and China. Because there is no physical, only endless promises. And I really worry that the market, that paper market, could be stamped on and people will say “sorry we’ll have a financial close out”, and it’s all over.
Perhaps this quote explains why UK gold export directly to China in June (https://www.bullionstar.com/blogs/koos-jansen/record-monthly-gold-export-uk-to-china/) was not a net outflow from the UK – because there is little gold left in London (Manly, Hambro) and thus the UK had to ramp up import from the US (https://www.bullionstar.com/blogs/koos-jansen/record-monthly-gold-export-uk-to-china/) in June to send forward to China.
https://live-bullioninternati.netdna-ssl.com/blogs/koos-jansen/wp-content/uploads/2015/09/Screen-Shot-2015-09-10-at-9.46.56-am-651x359.png (https://live-bullioninternati.netdna-ssl.com/blogs/koos-jansen/wp-content/uploads/2015/09/Screen-Shot-2015-09-10-at-9.46.56-am.png)
Click here (http://www.bloomberg.com/news/videos/2015-09-09/is-gold-still-a-safe-haven-asset-) to watch the full interview with Mr Hambro.
The Financial Times reported on similar gold shortages in London. From the FT (http://www.ft.com/intl/cms/s/0/eae18206-5154-11e5-b029-b9d50a74fd14.html#axzz3lKvxTwuy) (2 September):

The cost of borrowing physical gold in London has risen sharply in recent weeks. That has been driven by dealers needing gold to deliver to refineries in Switzerland before it is melted down and sent to places such as India (https://www.bullionstar.com/blogs/koos-jansen/india-precious-metals-import-explosive-august-gold-126t-silver-1400t/), according to market participants.
“[The rise] does indicate there is physical tightness in the market for gold for immediate delivery,” said Jon Butler, analyst at Mitsubishi.
I’ve also asked BullionStar CEO Torgny Persson in Singapore what he’s currently seeing in the precious metals markets. He replied there are shortages in both the gold and silver market. From Mr Persson:

I just got off the phone with A-Mark which is one of the world’s largest wholesalers. They are reporting that they have no gold and silver at all live available, that they have stopped taking orders for Silver Maples and Silver Philharmonics altogether and that Silver Eagles are available first in the end of November. For Pamp (https://www.bullionstar.com/buy/product/gold_pamp_1kg), there is similarly long delivery times for all minted gold bars.
We still have most products in stock (https://www.bullionstar.com/buy/gold)because we stocked up as massively as we could in the last weeks but for many products, we are unable to replenish as of now when we run out.
Big squeeze with shortages starting now both on the wholesale/retail level and at the bulk level… Unless the paper price is reverting up, it may not subside this time around and then the paper fiat mess (including paper prices of gold and silver) is in trouble. If it goes to the point of shortages at the bulk level like 1kg gold bars and 1000 oz silver bars, the emperor will stand without clothes.
To be continued…

(https://www.bullionstar.com/blogs/koos-jansen/its-virtually-impossible-to-get-physical-gold-in-london/)

[Serpo]

America is Burning, More Money Printing Coming-Rob Kirby By Greg Hunter (http://usawatchdog.com/author/greg-hunter/) On September 6, 2015 In Market Analysis (http://usawatchdog.com/category/market-analysis/) 186 Comments
http://usawatchdog.com/wp-content/uploads/2014/04/4th.jpg (http://usawatchdog.com/america-is-burning-more-money-printing-coming-rob-kirby/)By Greg Hunter’s USAWatchdog.com (http://usawatchdog.com/)
Macroeconomic analyst Rob Kirby says forget what you are hearing about the so-called “recovery.” The powers are hiding a coming collapse. The American economy is being propped up with fraud and crime and time is running out. Kirby explains, “The whole world is grading America and America is burning. When you are burning, it is really hard to put out a message or convince people that all is well. America is failing in spades at doing this. Rigging markets and acting in a sociopathic nature doesn’t make this job easier and doesn’t make it true because they say so. They have idiots making pronouncements that a weak jobs number is good tonic and a good basis for raising rates. It clearly isn’t. . . . We are living in “Alice in Wonderland” with the comments we are getting out of this administration.”
Instead of a rate rise from the Fed, Kirby thinks we are going to get another round of money printing or QE. Kirby predicts, “With China being confirmed as being a very large seller of US government securities, the notion that 10-year bond hasn’t budged is inconsistent with China selling a whole lot of securities unless the Fed is monetizing debt or basically doing a QE job in stealth without declaring it, which I believe to be the case. I believe the Fed is doing a stealth QE, and I think they are going to have to start paving the way to justify an official announcement of additional QE. What better way to do that than report a weak jobs number . . . I believe the Fed is greasing the skids or the path for an additional round of QE.”
Kirby procures tonnage in gold for some of his clients around the world. He sees a global market where physical gold is harder to get and contends, “On the wholesale level in North America, there is metal available. On the retail level, there is very little metal available. In the Asian countries on the wholesale level, there is basically none to be had, and on the retail level it has been bought up too. Increasingly, the people that I talk to that supply coins coming from mints, they are all telling me it’s becoming harder and harder to get, and the wait times to get product are longer. If you want to buy coins, you pay for them, and you are lucky to get them in three or four weeks. This is because they are all back ordered because investment demand has been so strong. . . . As the wait time get longer and longer to get the coins, it is a symptom of stress on the supply side of the market.”
On how the central banks are putting off the coming crash, Kirby says, “These guys are playing with fire. They are desperate and are cornered. The only thing they have left in their bag are dirty tricks and lies, and they are playing them aggressively. When you are lying and telling untruths to the rest of the world, the rest of the world doesn’t stay stupid for very long. It catches up with you, and that’s when your friends start creating currency swap lines with your vaunted enemies. They think they want to have a foot in the other camp because the old camp they used to be with isn’t playing fair and is doing despicable things. That is exactly where we are right now—burning.”
How bad will it get and when is the next crash coming? Kirby contends, “I think it is unwinding in front of our eyes. I think when it blooms in its full glory, it is not going to be called a crash. It’s going to be called the dark ages.”
Join Greg Hunter as he goes One-on-One with Rob Kirby of KirbyAnalytics.com. (http://kirbyanalytics.com/)
(There is much more in the video interview.)


http://usawatchdog.com/america-is-burning-more-money-printing-coming-rob-kirby/

[Serpo]

Shortage has hit my bullion dealer in OZ.....................very rare .......

[Serpo]

Just imagine it ........they smash the share market ,everyone suddenly realises they want pms yet no one is going to be able to buy them .......anywhere..........


honestly ,even the perth mint appears sold out ,I never remember this happening even in 2008 (or when ever the last shortage was), I mean the waiting time is over 4 weeks now in OZ and thats maybe, but its useless even ordering anything because there is no guarantee of delivery.........this really looks like it is it.

I mean we could always seem to get pms while the rest of the world couldnt , but not this time..................................