News Articles

The facts that have been willfully omitted are these: The total amount of ALL gold held by ALL market participants at ALL the Comex warehouses, whether it is on offer or not, is about 218 tonnes. That is less than one month’s demand for physical bullion . . . .

We think we know that gold is no longer money, because Keynesians and monetarists insist it is so. Furthermore, it has been replaced by government currencies, which we use to buy and sell, do our accounts and pay our taxes. While it is undoubtedly true that gold is no longer used for transactions in all but a few places in Asia, this common assumption has no basis in fact . . . .

For about the last year and a half I’ve been warning that gold was being driven down to test the last C-wave top ($1033). No one believed me. Now that the test has occurred it’s time to go the other way . . . .

If worrying reports from the U.K. are any indication, physical gold may be getting a lot harder to get a hold of than you might think.

At some point in the next few years it will become hard or impossible to buy silver or gold in exchange for fiat currencies. We aren’t at the “impossible” stage yet but there are signs around the world that silver is becoming difficult to buy and if you can find some the premiums over the spot paper price are extraordinary and rising . . . .

Gold prices are currently down and out. But it’s highly unlikely that this will remain the case for a very long time. Don’t be shocked if we see a solid move to the upside in the near future . . . .

Gold American Eagle sales in August second only to July in 2015 . . . .

Gold’s many qualities make it one of the most coveted metals in the world ... it be beautifully shaped and sculpted ... conducts electricity ... doesn’t tarnish ... and is biocompatible. Another important use of gold is to help stabilize monetary systems . . . .

Stockists build inventory, weak monsoon may weigh on rural demand, consumer sentiment is strong...

It is widely known as a safe haven, but gold bullion is a relatively small market with the above ground value of gold estimated at around $7trn.