Do Not Look at These Charts Showing Registered ‘Deliverable’ Gold Bullion In New York

 Guest Post by Jesse

 

“The sense of responsibility in the financial community for the community as a whole is not small. It is nearly nil.”

John Kenneth Galbraith, The Great Crash of 1929

Here are a few charts that show the rather striking decline in ‘registered’ gold, that is gold available for those standing for delivery, in the Comex warehouses.

‘Standing’ by the way means standing around and waiting for someone to choose to fulfill your request for your contract to be fulfilled with actual bullion before the cut off date.

You can see from the first chart that the likelihood of someone actually standing for delivery and receiving bullion has never been less at The Bucket Shop.  Real metal is unfashionable amongst our financial sophisticates.

As for delivery and withdrawal of bullion, it is getting stronger and stronger in the East.  Second chart.  What can one say at such embarrassing behaviour?  What a bunch of rubes!

The shills and shrills for the bullion banks will tell you, in hair-splitting and often misleading detail that none of this means anything.    And you better listen to them because they are the ascended masters of the universe.

All of these categories and procedures at The Bucket Shop are meaningless.   And the holders of these millions of dollars in bullion often change the designations of their metal in new but meaningless ways in their quest to baffle the world.  And provide makework for their brokers and clerical staff.

The Bucket Shop is not likely to fall into a hard default.  You cannot lose when you own the game and set the rules, and can always force settlement.

Try not to underestimate the skillfulness and determination of market manipulators.  And especially their shamelessness. They hate it when you refer to the obviousness of their schemes. Like rigging almost every global market, and selling tailor made toxic instruments which they later bet against.  And getting caught, paying a wristslap fine to their cronies, and then claiming that they are the real victims of zealous prosecutors and your envy at their well-deserved success.

So nothing to see here.  Better not to look at it or ask any questions. About anything. Just leave your money and move along.

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wip
wip

I wish I understood this stuff. I guess that’s why I am not a master of the universe.

Maybe if TBP keeps getting together for meetings we can create our own “Masters of the Universe” plan.

Anonymous
Anonymous

Most gold being traded is paper stuff, not real stuff.

robert h siddell jr
robert h siddell jr

Old Mother Hubbard went to the cupboard to give her poor dog a bone…Ask not for whom the bell tolls…The Darkest Hour actually comes after you find out you are totally broke… I advise you to buy from Me gold refined by fire so that you may become rich, and white garments so that you may clothe yourself, and that the shame of your nakedness will not be revealed; and eye salve to anoint your eyes so that you may see.

Fiatman60
Fiatman60

@anonymous says
Most gold being traded is paper stuff, not real stuff.

That’s what the article stated…… for every ounce of gold in storage, there are 259 paper contracts against it. That’s the Ponzi scheme that the trading houses are playing The real problem is that if you want physical gold, it’s hard to find, and as such you have to pay a premium (10-25%) over spot to get it. That’s called con tango, and it’s going to eventually collapse these rigged games that the western bankers are playing, because the Asian continents don’t want paper, they want the real thing

IndenturedServant

wip says:
“I wish I understood this stuff.”

It’s pretty simple really. You have 1000 ounces of actual physical gold but you’re such an extraordinary bullshit artist that you convince people you actually have 100,000 ounces and there is no need to take delivery because your vault is extremely secure and your storage fees are very low. You are also retard rich and powerful so when it all falls apart you are protected and made whole AND get a massive bonus while your customers get dry fucked. The key thing to remember is that you NEVER, EVER rip off anyone above your own station in life otherwise you get Bernie Madoff’ed.

IndenturedServant

I haven’t seen the premium numbers on gold for October yet but three local dealers report increases on one ounce Eagles, Maples and Buffalo coins just as I expected they would.

Gold prices are pretty volatile lately but if you’re sitting on the sidelines waiting for prices to drop a bit more, you may end up paying the difference in increased premiums.

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