THE MYSTERIOUS CASE OF 186 TONS OF MISSING GOLD!

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The British Office for National Statistics just admitted that it miscalculated British imports by some £6 billion pounds sterling! Guess what they missed?  That’s right. What else? You guessed right — gold!  It always seems to be gold. Hmmm…

Anyway, it depends on the exact day each ounce of gold was imported, but generally speaking, that money adds up to about 186 tons of gold bullion. The uncertainties of Brexit seem to have caused a massive surge in gold demand in a very short period of time. It’s a huge amount of gold, and it compounds the point I have been making for a long time. World gold demand far outstrips supply.

Is the U.K. destined to replace China as the world’s largest gold buyer?  Doubtful.  Tiny Britain, of course, is not normally a gold buying nation. It’s per-person gold demand has always been far smaller than countries like Italy, France and Germany. When the zombie Euro finally comes to an end in 2-3 years, and is buried, keep this in mind. If people in tiny normally gold-phobic Britain can buy 186 tons of the pretty yellow metal in just 3 months, can you imagine what is going to happen when the second biggest trading currency in the world ends?  There will be 340 million people suddenly stuck with national currencies they have no faith in.

What will they buy? You guessed right again!

As Europe moves further into perceived monetary instability, gold demand will skyrocket. I calculated in previous articles, that if the price of gold remained under $1,200 per ounce, the not-so-mysterious gold supplier of last resort would have been on the hook to supply up to 1,345 tons of gold last year. But, that’s not all, folks! The 2014 Society of Mining Professors report, using data from Credit Suisse, Morgan Stanley, Société Générale (SG), AME, and Bloomberg, determined that world gold supplies (from mines, scrap recovery, ETF sell-offs, and hedging) were about 4,476 in 2012, 4,850 in 2013, 4,155 tons in 2014, and will be 3,845 tons in 2015 and 3,585 tons in 2016.

Lets add 186 tons worth of this previously unknown British demand, and subtract 260 tons from supply. The result is that some “not-so-mysterious supplier of last resort” will need to pony up as much as 1,790 tons of gold to keep prices under $1,200 per troy ounce. All of this comes at a time when the banksters’ “Patsy” has just gotten a new papa. He doesn’t like the fact that she’s been abused for so long and he says as much. Whether it’s China or the banksters, this new papa ain’t nearly as dumb as the old one. They’ve abused the sweet thing, pretty badly, over the years and he isn’t gonna’ let her date them anymore.

To be fair, supply may be a bit higher or lower than was estimated and the same can be said for demand. I used the older numbers because I didn’t want to sit for an hour or two finding the most recent ones. You can use my prior work as a template, and update everything yourself, to get the exact numbers. But, any discrepancies are not significant enough to materially change the outcome or the point. There is an enormous gap between supply and demand which someone has been filling. When they stop, and they are about to do just that, prices will skyrocket. How far they will go is anyone’s guess, but up they must travel.

As stated, previously, once Donald J. Trump takes office, it is almost certain that the official US gold reserves will be closed off. Is it any wonder that the manipulators recently engineered a long squeeze in gold prices for the purpose of bringing down prices so they can exit less painfully? They want out and for good reason! There is simply no way to meet the kind of demand we are seeing for gold at its current price without further raids on the US gold reserves. Remember, the same banks that manipulate COMEX prices would also be forced to ship physical gold to buyers in India, China, Turkey and, yes, now the U.K.!  They can’t avoid it, because if they do, the whole rotten system will be discredited.

Conclusion? Gold prices are headed strongly upward in the near future.

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8 thoughts on “THE MYSTERIOUS CASE OF 186 TONS OF MISSING GOLD!”

  1. 186 tons is a lot of weight. That is the weight of a very large house. That is also the weight of 120 large cars. In gold, 186 tons equal roughly 6 million 1oz gold coins. For a population of 60 million, this means that on average, 1 out of 10 people bought a gold coin within a 3 months period. That is indeed impressive.

  2. Hey, Mr. G., I read your book, “The Synod”, and loved it! It moves fast, kind of like Robert Ludlum’s “Jason Bourne” trilogy, which I also like. But, your characters are deeper, which I especially like. Anyway, when does the sequel arrive??

    1. Thank you for your kind words of support. They are greatly appreciated!

      The best way to express your enthusiasm would be to leave a glowing review and a 5 star rating on the book’s page at Amazon.com. I say Amazon because it now has more than 65% of the market. People are browsing the Amazon website, all the time, looking for new books to read. The choice is usually made by reading positive reviews. Reviews are the social support needed to convert book browsers into book readers.

      The more people who become aware of the issues raised in the novel, the more will increasingly support a return to honest money, which is the ultimate goal.

  3. I bought a copy of your new book for my son from Amazon for Christmas. I hope he likes i! Concerning closing off the US supply of gold so the banksters can’t keep gold prices suppressed what makes you think anything will change in the short term? Trump is replacing the Treasury Secretary with the ultimate price fixer from Goldman Sachs Mr Electronic himself, Mnuchin whose boss at Goldman Sachs was Robert Rubin and Hank Paulson! I think this charade will continue regardless of who occupies the white house!

  4. Avery, your novel might be instrumental in educating a very uninformed populace about finance; more specifically what money is and is not. The masses believe money is the dollars they carry in their wallets. That of course is currency: not money. I have thought the best way to educate the masses would be to explain the societal and cultural consequences of the current money system and how it has affected the corruptions of our institutions to include politics, law, medicine and education. For example, whose fault is it that a murder occurred when two German citizens in the Weimar Republic became involved in an incident while running to the store with their wheelbarrows filled with worthless Marks? Was it really the fault of one of these individuals or what the banksters did to debase the value of the citizens worthless currency?

    I sincerely wish you all the best with your novel. In fact I hope it reaches bestseller status and garners so much attention that people will eventually understand the consequences and how it has and will affected their everyday lives.

    1. The kind words of support are appreciated. I’m glad you liked it. The key to educating a large part of the uneducated masses is getting more reviews posted on Amazon. That’s the social proof that will convince folks that are uneducated about these matters to read the book. To help this happen, please write a short positive 5 star review and post it at the retailer’s website where you bought the book. And, if you can, cut and paste it, also, to the Amazon.com website, because they control 65% of the book market these days. Many thanks!

  5. Avery what say you that Trump has only fooled us into believing he will shut down the bleeding of Fort Knox Gold? With Mnuchin, Cohn and Bannon all ex GS executives, maybe we are all being led off the cliff

    1. Anything’s possible, but the most powerful person in his administration is VP Mike Pence, who is a gold advocate. And, Bannon is not exactly your “normal” Goldmanite, having made most of his money on Seinfeld royalties, rather than trading, so I don’t think he can be counted as part of that group. Also, it has been my experience that you cannot pre-judge individuals simply because they were associated with a large company that had a certain corporate behavior.

      Frankly, I also don’t like the choice of Mnuchin, but the Gold Reserve Act of 1934 requires a Presidential sign off on trading with the US gold reserve. Remember the big meeting with President Obama that took place on April 11, 2013? That was one day before the biggest attack on gold in history. They had to make sure Obama signed off before they committed to the manipulation event. They didn’t want to get stuck with an obligation to deliver thousands of tons of gold. Even Obama had to be convinced and he’s a globalist left-wing Democrat. If he hadn’t been resisting signing that particular order, they wouldn’t have held the meeting.

      Given Trump’s personality, and the fact that he has vowed to review every Obama executive order, I just can’t see him leaving this one “as is” only to see the entire gold reserve drained to zero on his watch. Think about the resistance he showed to spending dollars on Air Force One’s $4 billion replacement planes! That’s how hesitant he is to spend easily printed US dollars. You think he’s going to want to spend gold that is almost impossible to replace? On top of that, he seems to be more influenced by Pence than anyone else. He will say “no” regardless of whether Mnuchin is in support of the idea, and its not entirely clear that he would be…

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