The Burning Platform
here is the key figure from the above: in 2013 consumer demand was 3863 metric tonnes. what was left out was the mining supply during 2013, around 3000 tonnes, also an all-tme high. this is curious since price plunged in april and basically stayed there. gold is as cheap today as it was 4 years ago. so, things to ponder: 1) where did the gold come from to meet demand? am i to believe it was all scrap? 2) when some shill or bimbo on CNBC says something like “well, demand from china fell, therefore the price reflects that, blah blah blah” you know he has no clue what he’s talking about. 3) paper gold and physical gold are two completely distinct markets. the former determines the price of both. 4) when the paper market ends/collapses and currency bids for physical gold only, then we will see what gold is worth. 5) until then gold remains on sale and the quoted price means nothing.
At one time Germany wanted their gold (worlds second largest reserve) held in the New York Fed back in the motherland.
Somebody must have sat down with somebody and said “I’ll make you a deal you can’t refuse”
“The Americans are taking good care of our gold,” Norbert Barthle, the budget spokesman for Merkel’s Christian Democratic bloc in parliament, said in an interview. “Objectively, there’s absolutely no reason for mistrust. The Bundesbank never doubted the integrity of the foreign gold-storage sites, Carl-Ludwig Thiele, the bank’s council member for payments and settlements, said in an interview on May 23. “We were able to see everything we wanted to see in New York. As far as we’re concerned, there are no more open issues.”
We all know the gold is not there, and if German demands were met that would mean the fed would have to go to the open market and purchase, this should cause a spike in the gold price. Can’t have that now can we?
When the SHTF. You can wave your gold coins around and people will kill you to get them. That way you don’t have to worry about living through tough times. I believe one coin would do it.
Das und idiota es lying through das teeth.
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