This page has been archived and commenting is disabled.
Gold And Silver Coin And Bar Shortages Globally
Today’s AM fix was USD 1,472.50, EUR 1,125.51 and GBP 947.80 per ounce.
Friday’s AM fix was USD 1,462.25, EUR 1,123.43 and GBP 947.79 per ounce.
Cross Currency Table – (Bloomberg)
Gold fell $7.00 or 0.48% Friday to $1,467.30/oz and silver finished down 1.65%. Gold and silver both gained for the week at 4.74% and 3.11%, respectively.
Gold rose another 1% overnight in Asia, consolidating on last week's 4% gain.
Gold in USD, 1 Month – (Bloomberg)
The slight rebound in prices from multi-year lows has as of yet failed to dampen the global appetite for bullion, causing a shortage in the physical supply of gold coins and bars.
Recent bleak U.S., European and Chinese growth data is also supporting gold due to concerns of recessions and of a global depression.
Central banks including the Federal Reserve and the ECB are set to continue with ultra loose monetary policies which will support gold.
Gold in Euros, 1 Month – (Bloomberg)
The ECB has kept its main interest rate at a record low of 0.75% since July 2012 and may reduce interest rates to 0.5%, either this week or in June. This will further deepen negative real interest rates in most countries in the Eurozone.
The Fed alone is set to keep interest rates near 0% and continue its current pace of bond buying at a whopping $85 billion a month.
Ultra loose monetary policies will support gold as it is a hedge against currency devaluations and inflation and stagflation - all of which are real risks.
Gold in British Pounds, 1 Month – (Bloomberg)
Premiums for gold and silver bars have jumped higher all over the world. They have surged to multi-year highs in Asia. Reuters reports overnight that premiums are surging due to "strong demand from the physical market, which has led to a shortage in gold bars, coins, nuggets and other products."
Shortages of gold and particular silver coins and bars is not confined to the small coin and bar market and there are also supply issues in the larger bar market with kilo bars being increasingly difficult to secure.
Swiss refineries are struggling to meet global demand for refined gold bars. They have been cleared out of their stock of kilo gold bars – the preferred form of gold bullion amongst many store of wealth, affluent buyers in Europe and Asia. Buyers have been told that they will have to wait until late May prior to receiving delivery on paid for product.
Shortages are most prevalent in the silver coin and bar market where premiums have surged.
Silver coins and bars can now not be bought from the largest bullion dealers in the U.S. who have been cleared out of stock in recent days. Unlike after Lehman Brothers where there were shortages and delays of 3 to 4 weeks, there is no guidance being given as to when certain gold and silver coins and bars will be available again.
NEWS
Gold rises 1%, holds near one-week high - Reuters
Gold Bears Defy Rally as Goldman Closes Short Wager - Bloomberg
Fund managers see opportunity in gold’s price drop – The Boston Globe
Gold falls Friday, but scores 4% gain on week – Market Watch
COMMENTARY
Everything Is Rigged: The Biggest Price-Fixing Scandal Ever – Rolling Stone
Canada home to 10% of Swiss bullion – The Globe and Mail
Keiser: The Psyops Of The Gold War - RT
Sinclair: The Rig Is Up – JS Mineset
For breaking news and commentary on financial markets and gold, follow us onTwitter.
»
- GoldCore's blog
- 14131 reads
- Printer-friendly version
- Send to friend
- advertisements -
Here's a little from the two Greg's.:
http://www.youtube.com/watch?v=RAdWn_vXVYk
The WSJ says that gold is going to retreat. When retail is buying and pro's are selling - means correction coming.
"If the U.S. is gently recovering, equities are performing better and there's no inflation pressure, why buy gold?" said David Wilson, director of metals research and strategy at Citi . Over the next 12 months, he expects gold prices to fall.
Mr Wilson must be new to this game.
only on rising prices. When prices already corrected this shows the buyer is in the know and is buying at the bottom. Normally that’s not retail but exceptions have happened before in various markets.
"Shortages of gold and particular silver coins and bars.."
Ahh, music to my ears. And I must add,
Silver, bitchez!
Get em if you can! hahahahaha
I am receiving another delivery today. I am undeterred. Fuck you Bernanke
At least there's some gold coins avaliable at halfway decent prices. If you got the cash that is.
The acid test imvho is the resultant of this week's Fed; if the POG holds up we will surge.
The physical market is a temperature gauge, and the temperature is rising fast... You can see it reflected throughout the world.
Meanwhile, government is right on top of things... Gun control... Legalization of invading hordes... Gay marriage... The crackdown on militant Christians....
And all the while the fiddle plays in the background...
US Mint can't keep up with demand for Silver Eagles. They halted production of 1/10 ounce Gold Eagles altogether.
Royal Canadian Mint has had issues keeping up with demand for Silver Maples.
Perth Mint has halted production of numerous silver products to focus production (ie. try to keep up with demand) on most popular products.
Mexican central bank reports record sales of Libertads (no word on delays/shortages yet).
Apmex inventory watching shows the story with 100 ozt silver bars. They were completely wiped out just a few days ago and are apparently having trouble restocking.
Keep lowering that spot price gents. Thanks.
Yeah, that's funny, isn't it? In most free markets, when sellers are unable to keep up with demand, the price goes....up! Cuz, ya know, somebody wants what you're sellin', right?
You don't just keep prices 'down' & let your inventory go to zero every week.
Supply.
&.
Demand.
Not not PMs, though. Nooooooo. Price is falling, because clearly no one wants to buy them.
The selection of silver at APMEX, and the prices for what they do have, has never been so miserable.
While it may seem elementary, acquiring some fractionals and trade gold like 5 and 10 gram bars could also be quite handy.
If things really fold up, having something smaller than 1 ounce rounds of Au and Ag could prove invaluable.
While I have seen the 1 ounce wafers scored into sections, I am surprised no one introduced a modern gold or silver "pieces of eight" coin.
50 gram scored credit card is available
Might be why premiums on 90% silver are the same or more than what Sivler Eagles are commanding right now.
While I have seen the 1 ounce wafers scored into sections, I am surprised no one introduced a modern gold or silver "pieces of eight" coin.
Stagecoach brand makes 1oz. Silver in 8 sections for division.
Actually, they're quarters.
http://bullion.nwtmint.com/silver_stagecoach.php
I got to give them credit for knowing their market...
http://silverbulletbullion.com/
Handy for throwing at werewolves.
"If things really fold up, having something smaller than 1 ounce rounds of Au and Ag could prove invaluable."
Valcambi CombiBar:
https://www.valcambigold.com/Category/45-buy-combibars.aspx
Rumplestilskin waking up from a long slumber and a dream of the old days....a sound dollar...rubing his eyes as he realizes this time is different...new times...his money has lost 50% of it's purchasing power...so what's he do?
Rumplestilskin was into the gold trade, but he let old Rip Van A take his ambien.
He woke up and found his pretty Snow White had turned into the Wicked Witch of the West.
Fed printed another 20 Billion last week. That is enough to buy all the gold mined in America for almost 2 years. As the world continue to march back to gold, and away from the dollar, the US population will find they have been robbed.
"As the world continue to march back to gold, and away from the dollar, the US population will find they have been robbed."
then they will say "yas sir" and go back to their cubicle to twit and FaceBUkk(ake).
Here's a scary thought. Supply has been temporarily enhanced - we're mining as much as we ever have, and there's been a huge push (at least in the US) to reclaim gold and silver from households via these "We buy gold/silver operations." So there's more supply being dumped into the market (temporarily!), and there are still shortages. That tells me that (1) somebody's buying a shitload of PMs, and (2) total supply is going to be lower once we squeeze the rest of the existing gold and silver out of strapped households.
We are not mining as much as ever:
http://www.dailypaul.com/281805/10-of-us-annual-silver-supply-just-vaporized
Furthermore, you are not increasing (overall) supply by buying or seizing from a house. The total available remains the same whether it is held in a vault or under your bed.
Please contrast this with "BernankeDollars" which are being printed non-stop.
"We buy gold/silver operations" are all over the world. It is driven by reclaiming old jewellery scrap and converting it into bullion via refining as demand for bullion rises. It is somewhat profitable business and there is no government hand involved. Contrary, the market is highly unregulated at this time and I am expecting some type of regulation start popping up soon as goverments would like to take control over it.
"We buy gold/silver operations" is like mining at very gainful gold mine without registering claim with the goverment.
I picked up a leaflet in my local Tesco store out of curiosity, they where offering to buy gold at a "very generous" up to £350 per oz. Do people really fall for this?
YES, people really fall for this. I’ve seen fools gladly turn over their gold at 5% of spot because they don’t know what spot is. They won’t look unless you shove it in their face and say “why are you choosing to be ripped off?”
On most matters nowadays, the vast bulk of the population is as dumb as a box of rocks.
Yes, sadly, most people fall for it.
dumb and lazy. And in denial. Many people from 3 years ago right to last week have told me they thought gold was $600 an ounce and that was “so expensive”. Fucking fools.
Almost half of people surveyed believe that as many as 50% of the population have below average IQ's........
The remainder were involved in govt field tests of "cat bouncing" and were unavailable for comment.
And therefore there's probably no way to know to what, if any, PM market all this recovered gold eventuallyshows itself?
And that good Sir ist the beauty of Gold.
The piece you hold has been remade countless times.
Again "this just means liquidity to me." can't say how long such a strange condition can last of course...but there are very real shortages of cash money right and this is no laughing matter. Obviously Mr Goldcore here needs to work on his writing as well. "he reveals many things by it."
Price controls = supply disruptions. They never learn.
Barter power!
it has all been said, so i have nothing to add about gold and silver.
i have turned my attention to stacking cases/boxes of ammo...
nice neat coinage of the future.
meets all the specs of a barter currency plus utility...
(ups driver is going to have a sore back later this week-they earn their money)
for intrinsic store of value… and transactional liquidity ( :D )
http://www.youtube.com/watch?v=a2436_3BRlA
i have turned my attention to stacking cases/boxes of ammo...
nice neat coinage of the future.
Well son, IF you are doing that NOW, you are spending buku bucks, because almost ANY small caliber handgun ammo, or rifles is a buck a round,when you can find it.
Funny thing,I called Wal Murt yesterday for grins to see if they had any .22LR.As soon as I asked the lady for the sporting goods dept she said is it about ammo??.............I fell out of my chair.That is indicative of the numbers of folks combing the stores just for .22LR.($65.00-$100.00 for a brick, WHEN you can find it.)
And I know DHS ain't buying .22LR.LOL
I've been telling people this since Obomba became POTUS. Glad I bought it when it was cheap and available.
Everytime TPTB smack down PMs, I look at my ammo stash and and a big shit eatin' grin appears on my face.
I'm glad I started stacking lead, copper, and brass when I did. It's far easier for me to find PM's than ammo.
depends on the quantity and price you are willing to spend.
but i am looking at it this way; i bought silver at 35 and 24
9mm at .25/rd and .50/rd
where will be 1 year from now?
and what if tptb pass this bill to require background checks for powder?
and what if it is true that h.s. is releasing orders from the master p.o. to keep supply from getting to dealers.
what if...
in the end i have it and many will need it or a hella of lot of metal/polymer is useless.
let the spirits of supply/demand rein for our gain...
just another manipulation(or backdoor gun control measure).
Bottom line is to have tangibles that everyone will need/want in the coming crisis. PMs & ammo *were* great. Ammo now unobtainable, but there are other things that, currently cheap & available, will similarly disappear in the panic.
Alcohol is still relatively cheap. It'll always be in demand, never spoil, bugs & varmints don't want it. All you have to do is protect its integrity. Don't waste money on the premium stuff. People who like to drink will quickly abandon their "refined palates" when alocohol becomes scarce. "Old Granded Whiskey" & "McFinnigan's Vodka will be in high demand.
timah, I too have thought of this, in all out econ break down. However, In the movie "Schindler's List" note he gets the GOOD shit to put his foot in the door with the Natzis. So the good stuff too (mid or top shelf Cognac for example) has even greater value.
Good point, but I'm not planning to share my booze with nazis.
I'll give them some high-power ammo, though...
I’m sure it wasn’t his plan either but… in desperate times you do what you must. Jews didn’t want to trade gold to Nazis either yet doing so got them over a border and to safety MANY times in 1940-1945, with other Jews in line who had nothing to trade suddenly finding themselves in Auschwitz.
lol, touche'
A still is a wonderful investment and legal to own as long as you don't use it.
It is perfectly legal to distill water. And even that may have value some day.
You can also use common organic matter to distill Methyl or "wood" alcohol. It has disinfectant uses as well as burning in small engines like generators.
So even without booze, the materials and knowledge required to distill are quite valuable.
I've thought about alchohol also. When order begins to collapse, I wonder whether the limited law enforcement resources will be available for enforcement of distillation prohibition and taxation. If the effective price of alchohol in terms of greatly reduced personal incomes increases substantially, won't a black market arise to meet demand?
Hey, even if you get busted, guess what your "fine" will be?...