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Thread: Alex Stanczyk: Physical Gold Supply Never Been Tighter

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    Cool Alex Stanczyk: Physical Gold Supply Never Been Tighter

    Alex Stanczyk: Physical Supply Never Been Tighter

    http://www.ingoldwetrust.ch/wp-conte...nczyk-plat.jpg

    Wednesday I had the privilege again to interview Alex Stanczyk, Chief Market Strategist for the Anglo Far- East group of companies, who just returned from a trip to Switzerland. Alex confirmed to me the distribution of gold from west to east is not slowing down whatsoever. Refineries in Switzerland are still working 24 hour a day to cast bars for China, sometimes having difficulties sourcing the gold..

    What was the purpose of your trip to Switzerland?
    The purpose was two fold. We go to Switzerland once a year as part of our governance, we’re required to have an annual inspection of the gold, that was the main purpose of the trip. But in addition to that we also liked to talk to the refineries. It was myself, it was the managing director of Anglo Far-East mister Philip Judge, and Jim Rickards went with us, he sits on our advisory board.

    We met with the managing director of the largest refinery in Switzerland and spend about two hours talking to him, we learned some very interesting things. Whats going on in the gold market as far as the price, is I think very counter intuitive. Everybody understands, knows and believes the price should be higher than it is, but it isn’t. There’s confusion in the marketplace, and there are two reactions; the reaction in the west is fear, confusion and uncertainty; the reaction in the east is buying. Now, this gentleman we were talking to probably has a better idea of physical gold flow than anybody else globally. He sees what is coming from the mines, he sees what is coming from the UK, and all over the world, as well as where its going. He indicated the price didn’t make sense because he has got so much fabrication demand. They put on three shifts, they’re working 24 hours a day, and originally he thought that would wind down at some point. Well, they’ve been doing it all year. Every time he thinks its going to slow down, he gets more orders, more orders, more orders. They have expanded the plant to where it almost doubles their capacity. 70 % of their kilobar fabrication is going to China, at apace of 10 tons a week. That’s from one refinery, now remember there are 4 of these big ones [refineries] in Switzerland.


    That makes sense because withdraws from the Shanghai Gold Exchange vaults are 40 tons a week on average this year.



    Well, there you go.



    …At this Swiss refinery there have been several times this year on which they were unable to source gold, this shocked me. They’re bringing in good delivery bars, scrap and dore from the mines, basically all they can get their hands on. This gentleman has been in the business for 37 years, he was there during the last bull market in the late seventies. I asked him when was the last time this has happened, that he was unable to source gold, he said never. And I clarified it, I asked: let me make sure if I understand what you’re saying to me, in the last 37 years you’ve worked in the gold industry this has never happened? He said: this has never happened.

    …There was one other comment that was fascinating, he said sometimes when they get gold in, it’s coming from the back corners of the vaults. He knew this because these were good delivery bars marked in the sixties. This is a huge supply squeeze and its worse than anything that has happened in the last four decades. At some point there is going to be a massive squeeze on the price.

    …All four Swiss refineries combined may be doing as much as [supply China] 2000 tons this year. That doesn’t include what the Perth Mint ships to China, it doesn’t include the 400 tons the Chinese mined domestically, and it doesn’t include what they mined offshore with the mining companies they own all over the world. I suspect that total Chinese demand can reach as much as total global mining production this year.
    …He also noted, in China there are 6 LBMA refineries but he has never seen a Chinese gold bar, they’re keeping it all. Gold that goes into China is like going into a black-hole. I don’t think it will be available on the market for decades to come, which only tightens the physical supply.

    …The Chinese aren’t buying it for trading, they’re buying it as part of their wealth foundation for future generations. When the communists came to power in 1949, Chiang Kai-shek and the nationalist army fled the country and took all the gold with them. On that moment China had no gold, although they had thousands of years of history with gold, they had to start all over. I think the importance of rebuilding their gold reserves had been there in the last decades, but it accelerated the last three years or so, encouraging their people heavily to buy.


    I also heard there is strong kilobar demand from the Middel East.

    That’s because Dubai does a lot of clearing for that entire area. Given what’s happening to Saudi Arabia, and the potential that Saudi Arabia is separating itself from the United States, essentially the whole petro-dollar is at risk for them. Normally what they would do is sell their oil for dollars and then buy US treasuries, but if they’re gonna separate from the US they’re not gonna buy US treasuries. So what are they gonna buy?

    Gold?
    Yes, possibly. That’s what we think. We don’t think they will be buying US treasuries, they supported them for 40 years, but the US has basically stabbed them in the back.

    Alasdair Macleod actually said, on the Keiser Report, that a lot of 400 ounce bars from the Middle East are being refined in Switzerland into 1 K 4 nine bars [a gold bar of 1 kilogram, 99.99 % purity] and then sent back. Is the 1 K 4 nine bar becoming some new form of liquidity?

    Possibly, all the demand that we can see in China is for 1 K bars. They want kilo, and they want four nines.

    When do think the price is going to rise?

    I’m not comfortable to put a time on this. What I do know is that we are on the threshold of a situation that has never occurred before. A squeeze is imminent, it could take 3 months or 6 months, but all I know is that it’s coming, and I know that with 100 % certainty.


    In Gold We Trust


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    Re: Alex Stanczyk: Physical Gold Supply Never Been Tighter

    the Tighter it gets the more it drop in price . whats wrong with this
    “Now remember, when things look bad and it looks like you’re not gonna make it, then you gotta get mean, mad-dog mean. ‘Cause if you lose your head and you give up then you neither live nor win. That’s just the way it is.” ~ Outlaw Josey Wales…

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    Re: Alex Stanczyk: Physical Gold Supply Never Been Tighter

    Quote Originally Posted by mick silver View Post
    the Tighter it gets the more it drop in price . whats wrong with this
    One of them is bound to be an illusion! Either the supply squeeze or the spot market price... Several commentators have recently stated that there is much more above ground gold than officially recognized. I am very sceptical about that claim. Then you have the claim that the Chinese is buying several thousand tons of gold, which may be true, but it would be difficult to see any other source than Western Central banks, for those amounts, but surely BIS would realize it is game over for them if they hand over the gold to the Chinese? Or do they even control them? Of course you have the possibility that the Chinese aren't buying as much as suggested by some, an exaggeration? Then you have the possibility that COMEX and LBMA are well on their way towards bankruptcy, and some insiders are selling as much short as they can, knowing they will never be asked to deliver what they owe. The odd thing though, if there indeed is a supply squeeze, why isn't there any shortage of retail PM's, and what is available should fetch obscene premiums. So maybe western central banks are emptying their vaults, secretely and rapidly? Which would point to an elite planned economic crash of the West. Where they have enough gold on their private hands to restart an economic system following the collapse.

    Sorry, just thinking loud here, but I would appreciate feedback on my ramblings...

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    Re: Alex Stanczyk: Physical Gold Supply Never Been Tighter

    In less than 5 years. all will learn that gold will not help them.

    In less than 3 years, gold and silver may save your life.

    Right now, you need at least a 6 month supply of food and water. Also make plans in case your storage point or home is destroyed by fire or earthquake or invasion. Having portable wealth may be your backup plan.
    SPECTRISM time countdown2025

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    Re: Alex Stanczyk: Physical Gold Supply Never Been Tighter

    Bill Haynes was talking about some long-term customers who sold their PHYSICAL holdings this last week, because they are convinced that the US gov. will be forever holding the price down.

    in the olden days (before the $ manipulation ? - if there was such a time ), this would have been taken as a sign of the proverbial 'capitulation'. relating to a bottom in the short term (artificially induced) bear move in the long term bull trend.


    without transparency, it's hard to tell how much physical TPTB have to play their games.


    as far as why the physical market lets the paper market set the price, it reminds me of a coin dealer who told me about the options he bought at $17.50 to semi-hedge his physical holdings.

    of course, the price never got down to $17.50 in 2013.
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    Re: Alex Stanczyk: Physical Gold Supply Never Been Tighter

    Quote Originally Posted by Neuro View Post

    The odd thing though, if there indeed is a supply squeeze, why isn't there any shortage of retail PM's, and what is available should fetch obscene premiums. So maybe western central banks are emptying their vaults, secretely and rapidly? Which would point to an elite planned economic crash of the West. Where they have enough gold on their private hands to restart an economic system following the collapse.

    Sorry, just thinking loud here, but I would appreciate feedback on my ramblings...

    Nah. When they restart their economic system it will all be digital "money" based upon their version of the now-beta-tested Bitcoin scheme.

    They themselves created Bitcoin to trick the nerd dupes into debugging their kosher digital new world order economic system for free.


    Satoshi Nakamoto is really some jew programming team working for the Rothschild Israel Central Bank. The final version of Bitcoin will actually be the Earth Shekel.
    I'm the infamous Fred of GIM - Jewboo kindly turned over his account to me.

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    Re: Alex Stanczyk: Physical Gold Supply Never Been Tighter

    Quote Originally Posted by Jewboo View Post
    Nah. When they restart their economic system it will all be digital "money" based upon their version of the now-beta-tested Bitcoin scheme.

    They themselves created Bitcoin to trick the nerd dupes into debugging their kosher digital new world order economic system for free.


    Satoshi Nakamoto is really some jew programming team working for the Rothschild Israel Central Bank. The final version of Bitcoin will actually be the Earth Shekel.
    That is a possibility I have been pondering too...

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    Re: Alex Stanczyk: Physical Gold Supply Never Been Tighter

    Quote Originally Posted by Jewboo View Post
    Nah. When they restart their economic system it will all be digital "money" based upon their version of the now-beta-tested Bitcoin scheme.

    They themselves created Bitcoin to trick the nerd dupes into debugging their kosher digital new world order economic system for free.


    Satoshi Nakamoto is really some jew programming team working for the Rothschild Israel Central Bank. The final version of Bitcoin will actually be the Earth Shekel.
    Pretty cynical of you to think the Jews are involved in bitcoin.
    Just because they own the Federal Reserve, the global reserve currency, the diamond industry, they hold most of the gold and set the price, all forms of media including newspapers, magazines...just because they own google, facebook, youtube, they own and head many of the major corporations...just because they own the porn industry, the sex slave industry, they own Wall Street and New York, they control the politicians, congress and the court/law system...just because half of all billionaires in the US are Jewish, they tax most of the food we eat...just because they control the liquor and cigarette industry.....this is no reason to think they are involved in crypto currencies. It's just silly to think that way.
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    Re: Alex Stanczyk: Physical Gold Supply Never Been Tighter

    dam EE sounds like you nailed it
    “Now remember, when things look bad and it looks like you’re not gonna make it, then you gotta get mean, mad-dog mean. ‘Cause if you lose your head and you give up then you neither live nor win. That’s just the way it is.” ~ Outlaw Josey Wales…

    STOP F*CKING WITH US.

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    Re: Alex Stanczyk: Physical Gold Supply Never Been Tighter

    Quote Originally Posted by EE_ View Post
    Pretty cynical of you to think the Jews are involved in bitcoin.
    Just because they own the Federal Reserve, the global reserve currency, the diamond industry, they hold most of the gold and set the price, all forms of media including newspapers, magazines...just because they own google, facebook, youtube, they own and head many of the major corporations...just because they own the porn industry, the sex slave industry, they own Wall Street and New York, they control the politicians, congress and the court/law system...just because half of all billionaires in the US are Jewish, they tax most of the food we eat...just because they control the liquor and cigarette industry.....this is no reason to think they are involved in crypto currencies. It's just silly to think that way.
    Gee, when you put that way.......... lol.
    So, whens the revolution starting............?

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