This page has been archived and commenting is disabled.
Gold Holdings In GLD Surge To All Time Record
The total gold tonnage making up the GLD NAV has just hit an all time high, at 1,289.8 tonnes, even as the actual fixing price of both gold and of the the GLD ETF have been relatively flat after hitting an all time high on May 12, incidentally a day when GLD had 80 less tonnes in holdings than it does today. In less than a month GLD alone has presumably acquired 80 tonnes of gold backing up its intrinsic value. Also notable is that today GLD increased its gold holdings by 21.3 tonnes, despite a decline in both PM fix and GLD. Keep in mind that global weekly gold mine production is estimated at 30 tonnes. Did GLD acquire 66% of all gold produced in the last week today alone? We wonder if the WSJ article debating where demand for gold comes, and going as far as blaming gold to be a ponzi, is aware of this fact.
As for the question of how a seemingly relentless desire to acquire gold, translating in a 21 tonne increase in GLD gold holdings translates into a drop in the price of gold, we will just leave that one open.
Chart of absolute GLD price and GLD Net Asset Value Gold Tonnage.
And the same chart indexed to a 100% starting point.
»
- 11296 reads
- Printer-friendly version
- Send to friend
- advertisements -
The market is broke; best to recognize.
Goldbugs, if you want precious metals, buy silver. It's 16-1 in nature and 62-1 in price. I think you'll get screwed in both but you'll get screwed less in silver. Can't you idiots see that the same scumbags that were promoting 125% mortgages in Ditch commercials are now hawking gold? Unbelievable. Tell people what they want to hear and the sheeple take it in no questions asked. Even more unbelievable how Goldbugs who don't trust anything willingly send their money to Goldmoney.com. LMFAO!! "We have your gold right here just waiting for you with your name on it" Hilarious.
They are buying gold Jory! Cash FOR gold. Not gold for cash. What on earth are you thinking?
I saw about half a dozen commercials today for Goldline. They are SELLING gold. LMFAO!!!
Interesting...I rarely see cable so...
<sarasm on> well its great to see the creditable Beck and Thompson there! They are so popular, I am sure everyone will take their advice! Next they will have Palin hawkin' gold! Jeesh....<sarcasm off>
Hey, Beck, Palin, and O'Reilly are the most watched people on cable news.
20 million semi-retarded, illiterate, mouth breathing, cousin-loving hillbillies can't be wrong!
Feedeth not the troll, for they devour the precious minutes of thine lives....
DON'T FEED THE TROLLS!
Jory=another Nadler TROLL
Jory = Nadler Jr., Nadler with training wheels
"Just keep looking straight ahead, Jory .... straight ahead! .... and don't turn too fast! .... that's it, you got it now! ..... Now, head over to ZeroHedge, and remember, gold is the enemy! And try not to tip over and fall down, or the banksters are NOT going to be happy!"
heehee
LOL
Can I ask you a serious question? Who is Nadler, anyway? I always hear you dopes talking about him...
wow a real information gold mine
google nadler ,, kitco ..
maybe you have next of kin .
Well, that tears it. "Who is Nadler?"
Nadless Nadler.
That proves the lack of proper education. Know thy enemy!
it's you isn't it kodiakid
Let's go to superbowl. It's the tell card in advertising.
Number of advertisers selling gold=0
Number of advertisers buying gold=1
You're not thinking straight.
jory ,, nations are buying gold to back their currencies ,
and you set like some frothing at the mouth expert on things gold ,
it speaks of your ears of tin and brain of straw
You forgot to tell him to get the zit cream. You have to do that every time you post, remember?
Jory,
There are strange things afoot at the Qwik-E-Mart. I used to think like you do. Good luck with your hilarity and your LMAO text speak. Gold and silver could save your ass. You are either Master Bates/Johnny Bravo or a similar fool. Worse yet, you might be on someone's payroll bashing gold. Any old way it is, you are somebody's bitch.
On somebody's payroll to bash gold? LMFAO!!! Right. I work for Bernanke. He told me the Zerohedge Idiots are cornering the gold market and I need to convince them to sell.
You Goldbugs are out of your freakin minds.
Fair enough. Maybe you are doing it for free. My premise holds, though. You are somebody's bitch.
Let's see, we have two possible options here:
#1: Jory is a bought-and-paid minion of the financial and political elite, sent out online to harass, denigrate, disrupt and attack any and all discussion about and sharing of information regarding gold as financial insurance, and its invaluable and ever-relevant place in the world monetary system,
OR
#2: Jory is an obsessive, warped, disturbed individual who gets his jollies from maliciously harassing, interferring, disturbing and disrupting online conversations which have no relevance to him or his life.
So tell us, Jory, which one is the truth?
Gee, since there can only be these 2 choices and no other possibilities, I have to fess up and say I'm Ben Bernanke's bitch. He told me today that the Comex is in trouble and they need the sheeple to sell their gold. He said Zerohedge would be a good place to scare up a few sellers since they are the dumbest of the dumb and would be easy marks. You outed me. Damn.
LMFAO!!!
Thanks for clearing that up.
You may now return to your regularly scheduled anti-gold trolling.
Shutup, I'm paid by Nadler or whoever 80 bajillion dollars a year in worthless fiat money to bash gold so illiterate people like dumpster won't buy it.
Jory is the schizophrenic side of me that doesn't know what he's talking about.
Now it's time for us to go "troll" to retarded people.
Hey akak, can you hit your chest and bite your ear at the same time? Bet you can't.... I'll bet you 1 dollar of worthless fiat money!
Let's see...
your not correct . dumpster does not buy gold his buying stopped at 300-350.
and his selling was in jan 1980 at 800,
in between had a real job .. in fact a real business . Sold to fidelity in 1999 .
they could care less about the english. profit was more important .
so you do your choice spoken writng and speaking, and hope to heck you can get a job
Well, for starters, Jory has stopped beating his wife.
Yes, there is only one person in the world that disagrees with you Aaron, that gold will go to 80 bajillion dollars by next week because the world will end and people will drown in piles of worthless dollars. Also, that person is paid by the big bankster conspiracy to make multiple accounts on zerohedge to somehow manipulate the price of gold. Zerohedge is the end all be all that affects worldwide markets.
Oh yeah, all that makes perfect sense to me... *rolls eyes.*
what makes you think we need advice from a fool like you when most of us are up over 100% at least.
NAdler go back to kitco and shut the f*** up
Wait, Barney Frank, Ben Bernanke, and Alan Greenspan are telling us to buy gold and silver!?
Yeah, I didn't think so.
Today, Mark Haines on CNBS said he things gold belongs in everyone's portfolio. I really think he's smart so he must be right.
LMFAO!!!
So, did Barney Frank, Ben Bernanke, and Alan Greenspan reccomend gold or now? Those are the guys who were talking up housing. If not, you're a blowhard.
he things gold ... so much for choice spoken .
Silver supply hasn't peaked yet.
Gold peaked 10 years ago.
Anyone who thinks a commodity in supply decline is going to see a material decrease in nominal price isn't playing with a full deck.
Note the point at which gold's price began its climb, coincident exactly with the year in which supply peaked and began its inexorable decline.
Really, there is no bull market in gold, there is merely diminishing supply and there's nothing that can be done to stop it.
Look at the difference between our posts. For one, I make new lines every time I change ideas.
Gold is a bad asset.
See?
I'm not saying that the guy is bad, but our posts aren't really that similar. We just have similar ideas. I know that to some only one person on the Earth can be disagreeing with you, but I assure you that there are many more people than just one that disagree with the goldbug religion.
and twenty gold dealers selling gold , what does that prove ,,if some one is selling ,, they are getting 20% above spot ,
gold is sold every day ,, and bought as quickly
gold mining companies are selling all the gold they can mine . what a dust for brains ,, and synthetic pile of manure
the mint sells gold ,, out of blanks
you sell crap ,, out of brains
I am buying physical at today's prices. I don't have a problem with $1200 plus premium for Eagles. I am looking long term at being able to take care of my family. The dollar, real estate, stocks and bonds haven't proven to be good friends to me.
A friend recommended I buy pre-1933 quarter-ounce European gold, once known as trash gold. Can anyone make a case for this?
So you crapped out on real estate, stocks and bonds and now you decide to chase gold after an 8 year bull run that has pushed prices up 400%? Great move Dude! That scumbag on the Gold commercials is an investment prophet. He's not really the guy that used to do the Ditech commercials. He just looks and sounds like him.
LMFAO!!!!!
Yeah, I did everything right, including running a small business and having children. I crapped out and cashed in at a loss on real estate, stocks and bonds. Time to invest where losses and taxes, counterparty risk and insurance aren't an issue.
Sounds like you're better at banging your wife than investing the money. Maybe Wifey should be doing the investing? Just saying.
LMFAO!!!!
You are right. Except I learned. You are still a mite behind on the curve. Maybe the free wifi at the dorm keeps you occupied, but you haven't had to make a real decision in life.
Respect.
Since you think I'm the same person as Jory.
First, I don't live in a dorm. Second, my "real decisions" in trading have paid for my college tuition with straight cash.
Not everybody that is in their 20s is as you describe. I've been living on my own since age 16, for example, never lived in a dorm, never taken out student loans, and never gotten jack shit from anybody.
There, there, wipe your eyes now Johnny.
It'll be alright...
Why would I wipe my eyes? I'm not the person that crapped out.
I'm the bomb diggity shit, y'all.
Except that one time, when you were a homeless young hipster teen and gave Bernanke's monkey a good spanking in a dark alley for a tuna sandwich, after which he proceeded to bust a big one in the general direction of your face; some extra protein that you gladly accepted with a smile. Goble goble goble.
jory,
My wife and I invest as a team. Two heads are better than one.
Respect please.
So do you lose twice as much money, or just as much as if you invested on your own?
You are clearly obsessed with spreading your hate and your lies here.
You are sick. Truly, spiritually, psychologically sick.
bull run? WTF are you talking about? There's no bull run in gold.
All there is is a progressive and inexorable discounting of NPV of debt, which the FRN is a type of.
Gold is a reserve asset and there is PLENTY of paper out there even trashier than the dollar that will be converted into it. Even if Indian or Euro demand wanes, SO IS SUPPLY.
California, New York, New Jersey being bankrupt is bad news for the dollar. It's just not the topic du jour as everyone is focussed on Europe. All this news about Hungary and no news about California. Last time I checked Ca was a bigger economy than Portugal/Greece/Hungary combined.
When the dollar shits it's knickers gold will go through the roof.
For the life of me I can't figure out all the doom and gloom over the EUR/USD when it's the dollar thats really in trouble. Maybe I think too far into the future.
the problem is you think lol and two months out is pure misery for nickle flippers.... bob .but you see it right .
. they see the buck go up .. but in relationship to what.. it is going down just not as fast as the hedge fund run shorts against these other currencies ,, the usa is next in line .. the algorithms of the machine works both ways
so the sthinking midgets will once again be sucking on a tattered straw ,blowing in the wind
Ah, dumpster, so nice to be back from the Flotilla War Zone.
Nice to see you ripping up the haters with pure poetry.
+ $55,000
you were junked 20 times lol
welcome
I would not have been safe over there in the Peace Flotilla War Zone with my AK-47 and 500 rounds.
It took 'em just a little over an hour to junk-zap my reply into the ether.
jory and Bravo ought to consider posting over there...
William Shakespeare, poet, was a master of the English language.
dumpster is. obviously, illiterate. zit faced, pimple cream; etc.
e e cummings ... less talking
more
reading
go
.
The deal is that ALL govt debt is going to become recognized as junk. It is just a matter of time until the spotlight revolves to whatever government you particularly find as weakest today.
Last year we had the EU pointing at the US and everyone pointing at the US banks with junk. Last week it was the EU banks and governments that are being exposed. Now it is the Eastern EU countries that are having their unsusainable economics questioned. California will get their turn. Just watch for the US govt. bailouts of the various pension plans that are the real source of the bankruptcy.
Since the tonnage and price are disconnected they must satisfy their over/under physical with futures contracts.
Why can the mint not be able to find any blanks yet GLD can find 20 tons with ease . Something rotten for sure.
1298 tons of paper! lol
It's Fractional Reserve Gold Storage. I don't believe they have the goods. They are just siphoning off money that would have bought gold if the buyers knew any better.
Franctional reverse works for banks. For bullion banks , 100X leverage is teh norm.
"The Custodian's selected sub custodians may appoint further sub custodians. These further sub custodians are not expected to have written custody agreements with the Custodian's sub custodians that selected them. The lack of such written contracts could affect the recourse of the Trust and the Custodian against any sub custodian in the event a sub custodian does not use due care in the safekeeping of the Trust's gold. See "Risk Factors"--The ability of the Trustee or the Custodian to take legal action against sub custodians may be limited..." -SPDR(ticker:GLD) ETF prospectus
GLD doesn't have physical gold. If you buy GLD to get exposure to gold you are stupid as putting money in GLD instead of physical gold only drives the price down.
Life is hard; it's harder if you're stupid.
- John Wayne
Mobilis In Mobili - Nemo
John Wayne died with over 5 pounds of undigested beef in his colon. LMFAO!!! He's speaking from experience.
Now I know whose bitch you are, jory. PETA slave.
Now I know whose bitch you are, jory. PETA slave.
and jory will die , of undigested spit ,, and a mouth full of forked tongue ,, with a measure of undisclosed disease of the spinal cord , and frothing at the mouth.
but he is already brain dead posting an assortment of crip sheet copy.. and a touch of zit cream
+ a huge finite number that I will try to define later. Once again dumpster wins. What are we up to now:
dumpster: 1000 wins
haters: 2000 self-inflicted losses?
And I wouldn't be talking as an old(er) guy, at least not 100%, LOL.
i cannot, tpye, or right coherent sentences.
by the way. zit cream. brain dead something or other. whippersnaper.
take you choice spoken english to the job fair they may give a shit ;
so for 15 years your self styled proper english as landed you unemployed.
and your little act of independence fools maybe jory .
so put a star on your forehead ,, take two bows ,, find some one who give squat about how great your grades were in english class ,, take those good grades and a buck and get a drip coffee, ( at least you are famous as starbucks named a coffee after you.)
and the zit cream. do not use in coffee.. it is for your face
So, is the point that you believe that John Wayne died from an overdose of beef? Or is the post just irrelevant nonsense?
Whoever operates the GLD lending positions will be able to cause the greatest short squeeze ever. If this thing ever decides to take physical delivery and create the pile of bars, it will be a very painful experience for the paper shorts. Whatever the problems with GLD, the operators will one day recognize this and get themselves set up for that strategy. Owners of GLD will benefit.
"As for the question of how a seemingly relentless desire to acquire gold, translating in a 21 tonne increase in GLD gold holdings translates into a drop in the price of gold, we will just leave that one open."
+++++++++++++++
Could it be that Thirty tonnes per week supply is greater than demand at $1,200 per ounce? Supply per WEEK is then 30 * 2200 * 16 * 1200 => 1.25 Trillion
I would check twice to verify that weekly supply tonnage number. Probably something off the wall.
Come on, Jory is just another Contarian who try to give us 2nd opinion.
What do you mean "another" contrarian?
Obviously, only one person in the world disagrees that gold will be 80 bajillion trillion by next week, and that one person has several zerohedge accounts, because they are paid by big banks to post on the internet all day and try to keep illiterate people like dumpster from buying gold.
Are you new, or what? ;)
I pity you when you are so overwhelmed by your hate-filled obsesssion against the advocates of gold that you are compelled to harass and attack us at such a great expense in time and emotion. I hope you will eventually seek help for the mental and emotional anguish that compels you to spread such negativity and maliciously antagonize those wishing to engage in honest and meaningful discourse.
bravo has no such aspirations and is not hate filled
his is the jerk off actions of an out of work troll,, seeking some justification for his existence ,
and since work eludes him he fills his time with choice spoken english. hoping to attract a person with a red pencil .. that will give him an A.. in troll work.
that would be my rough call as well.
prolly not too many friends.
yep he has befriended the mirror .
Jeez
Why does the subject of owning gold always seem to devolve into name-calling and personal insults?
I'll never understand this, but I do understand that commercials BUYING gold does not a mania make. I also understand that with mind-boggling mountains of debt and unfunded liabilities, there is no other alternative to monetization (money-printing) given our already nosebleed tax rates in the United States.
I'll keep all the gold I've accumulated the last 5 years because right now there's truly no end in sight to the mess we've created... at least in 1980 there was enough wealth left in the country to raise interest rates!
Interest rates will never be meaningfully raised again with current debt levels what they are.
Seems stupid not to own gold. What else is there? Paper being printed? Stocks being diluted?
This is a race to the bottom - and its truly sad.
Its one of the good platform for awareness of people. Keep sharing such stuff in the future too. xbox 360 slim
I found
lots of interesting information here. The post was professionally written and
I feel like the author has extensive knowledge in the subject. Keep it that
way
mastersin coaching
This is very good blog and I also show you some imformation through this . Alaska Fishing Lodge
I found lots of interesting information here. The post was professionally written and I feel like the author has extensive knowledge in the subject. Keep it that way this is very good to see Wholesale Lumber