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The Chart That Keeps Ben Bernanke Up At Night

Tyler Durden's picture




 

What changed in the last 30 days? Did the world just wake up to the idea that the only way out of this quagmire is a twisted currency war that appears to have re-ignited thanks to Abe's efforts? Something appears to have snapped in the American psyche as the last 30 days have seen the largest physical gold sales on record. Between the search volume for 'bulk ammo' and this, we fear something is afoot and while Congress fiddles as our economy burns, Bernanke going 'back to work' is perhaps what the physical 'horders' are thinking... or maybe they understand, as we noted here, that just as Kyle Bass has confirmed previously, Paper Gold is just like allocated, unambiguously owned physical bullion... until it’s not.

 

(Source: US Mint)

(h/t Alex Gloy of Lighthouse Investment Management)

 

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Sat, 12/01/2012 - 17:53 | 3026867 DCon
DCon's picture

I thought the collection of naked Blankfein pictures were what kept Ben awake

 

Sat, 12/01/2012 - 18:12 | 3026903 Wakanda
Wakanda's picture

Nekkid Lloyd covered in oil and encrusted with gold dust.  -  Nightmare on Liberty Street

Sun, 12/02/2012 - 08:25 | 3027744 strannick
strannick's picture

When Kyle Bass was taking possesion of the University of Texas' gold from COMEX, he apparently asked the guy if many people were taking possesion. The guy said no, never more than 1%. Bass then asked what would happen if say 4% took possesion, and the guy said, ''price will take care of it''. Bass said thanks and took the gold.

Sun, 12/02/2012 - 19:36 | 3028538 Shocker
Shocker's picture

Its all about knowing what is going on in the world today.

There is so much uncertainy going around at this moment, Hard assets, anything to protect ones wealth is the key.

 

http://www.dailyjobcuts.com

.

Sun, 12/02/2012 - 20:18 | 3028578 AssFire
AssFire's picture

Let's give a shout out to another precious metal that is soaring in bullet form:

------------------------LEAD------------------------------

We will need lots cause the fed agencies also just stocked up. They are the cocksuckers who will come for your gold.

Spray paint the lead gold and when they demand it;

give it to them.

Honestly, aren't they merely uniformed thieves at that point?

Sun, 12/02/2012 - 20:47 | 3028634 SafelyGraze
SafelyGraze's picture

"the last 30 days have seen the largest physical gold sales on record"

pfft.

channel stuffing. 

authorized purchasers are loaded up to the gills with it. 

nobody's buying. 

Sun, 12/02/2012 - 20:58 | 3028643 Rubbish
Rubbish's picture

I'll take unleaded over gold anyday. Ask yourself, how many gold coins would I give for 20 gallons of gas when there was none? 50-100 baggers will be normal for gas scalping.

 

I always have 150 gallons on hand

Sun, 12/02/2012 - 21:30 | 3028675 dlmaniac
dlmaniac's picture

Time to mint tungsten gold / lead silver coins?

Mon, 12/03/2012 - 05:19 | 3028946 Richard Chesler
Richard Chesler's picture

Nice try but the only thing that keeps thebernak up at night is how to keep his criminal bankster bosses out of jail.

 

Sun, 12/02/2012 - 21:55 | 3028707 Harbanger
Harbanger's picture

Check your local laws.  Most people don't know it's illegal to store that much gasoline without a special permit.  NYC for example has a 2.5 gallon limit.

Sun, 12/02/2012 - 22:02 | 3028718 TeMpTeK
TeMpTeK's picture

U also need a permit in NY to own a dog but who the hell wants a politician on a leash? 

Sun, 12/02/2012 - 22:03 | 3028719 bigkahuna
bigkahuna's picture

---

 

---

 

this story was linked on Drudge

 

---

 

---

Mon, 12/03/2012 - 00:10 | 3028896 tickhound
tickhound's picture

 

 

MEMO to Drudgies:

 

Your de-tox starts today.

 

Mon, 12/03/2012 - 00:58 | 3028941 TruthInSunshine
TruthInSunshine's picture

Ben Bernaxbux sleeps like a baby, bitchez.

He'll be giving speeches at 75k a pop and making media rounds on cnBSc and Bloomturd historically revising his record as an ex-Fed Reserve Chairstain by January of 2014.

Bernanke's Anti-Brilliance On Full, Irrefutable Display (Noone Could've Seen It)
Mon, 12/03/2012 - 00:16 | 3028905 Pool Shark
Sun, 12/02/2012 - 23:11 | 3028818 proLiberty
proLiberty's picture

Only a fool is going to reside in any such jurisdiction.  Just like the fools who were so quick to vote for bigger government and are now whining that big government can't take care of them.    

Had a friend showing me his AR pistol.  Another friend, from one of the eastern fascist states asked if such a weapon had to be registerd.  My reply- what is "registered"?  We don't do that here.

 

 

Sun, 12/02/2012 - 23:28 | 3028845 SmallerGovNow2
SmallerGovNow2's picture

fuck that local law bull shit....

Sun, 12/02/2012 - 23:34 | 3028854 OutLookingIn
OutLookingIn's picture

A promise is a promise.

Until its not.

If you don't hold it in your own hands then -

YOU DON'T OWN IT!

Sun, 12/02/2012 - 23:43 | 3028871 Rubbish
Rubbish's picture

NYC? I bet they arrest you for spitting on the sidewalk.

Prudence is key, I don't store more that 50 gals in one spot. Outdoors and shaded. Worst thing to happen to me is my insurance won't pay. Big deal, doing a turn the house over to the bank anyway next year. Get this shadow inventory moving.

My pool is empty was thinking of putting it in the bottom of that, hellova bon fire if that goes. Marshmellows for everyone !

Mon, 12/03/2012 - 01:17 | 3028914 San Diego Gold Bug
San Diego Gold Bug's picture

We can still get gold.... but....gold American Eagles are getting tight.  Last month was a record sales month thanks to the elcection of BO.  Last weeks sales were off the charts and we had almost no people selling product to us.  Product looks like it will get tighter this month!

Mark Lonneker

President

Liberty Coin & Precious Metals

Libertycpm.com

Mon, 12/03/2012 - 07:00 | 3029129 fockewulf190
fockewulf190's picture

How do you think premiums will look like for gold in the near to mid future? 

Mon, 12/03/2012 - 11:04 | 3029557 San Diego Gold Bug
San Diego Gold Bug's picture

The premiums will go up for sure.  Gold eagles go up 1/2% when the supply gets tight.  Silver premiums will go up by at least 1% on silver eagles as demand picks up.  The sheeple who will rush in last will of course and pay the highest premiums, that is if they can get any product in size at that time.

Sun, 12/02/2012 - 21:27 | 3028671 c-rev with a twist
c-rev with a twist's picture

..and that's when he jumped on they guy's back and proclaimed 'It's me, it's me, it's Ernest T.'  And all was good with the world.

Sun, 12/02/2012 - 21:30 | 3028676 c-rev with a twist
c-rev with a twist's picture

I see there are lots of thumbs up.  But the comex guy is right.  Price will take care of it.   It could be $3000, it could be $10,000, but price will take care of it.  There will be no gold currency- that is pure lunacy and fantasy.

Sun, 12/02/2012 - 23:30 | 3028848 SmallerGovNow2
SmallerGovNow2's picture

WTF do you know that no one else does? 

Sun, 12/02/2012 - 23:53 | 3028884 wisefool
wisefool's picture

If gold  gets above $5000/oz. nominal, people will start digging up graves. making it an official currency/standard would be the worst thing the government could do.

*I am a sound money guy. I think gold has lots of value, for lots of different reasons. It is not a barbaric relic. Like minds should use it as means of exchange for other goods and services. It could even be part of a basket of commodities, or a competing currency on its own. IT should just never, ever be instituted as an official currency in the USA.

Mon, 12/03/2012 - 02:55 | 3029019 rambo1028
rambo1028's picture

Zombie apocalypse bitchez!!

Sat, 12/01/2012 - 18:28 | 3026932 Silver Bug
Silver Bug's picture

WOW, now that is a serious spike in sales? Are the lemmings finally waking up? 

 

Five Most Common Gold and Silver Mistakes. Free eBook.

Sat, 12/01/2012 - 19:41 | 3027058 jballz
jballz's picture

Oh for fuck sake go to the source page and look at the data. These spikes happen all the time.

Sat, 12/01/2012 - 19:52 | 3027081 monogratis
monogratis's picture

The year has been pretty slow and steady for gold sales, if you go to the source page.  2011 had more ups and downs.  The data shows some correlation to QEternity and the election.

 

Still, it's only US mint bullion so I don't think it gives much of an accurate display of overall gold bullion demand.

Sat, 12/01/2012 - 21:49 | 3027286 Enslavethechild...
EnslavethechildrenforBen's picture

Our founding fathers defeated the terrorist Redcoats, so too shall it be with Terrorist Bernanke and his minions

Sat, 12/01/2012 - 23:37 | 3027450 Backspin
Backspin's picture

You are correct.  The post is misleading.  Also, it says that the gold sales are the largest on record.  And then graph starts at February.  But you click the link (US Mint) you see that in January, just one month before the graph starts, the sales were far higher.

Sun, 12/02/2012 - 02:31 | 3027576 cranky-old-geezer
cranky-old-geezer's picture

 

 

Seems Tyler(s) can't resist the urge to make mountains out of molehills as this article does, and showing just the slice of a chart that would appear to support their mountain-making is pretty common.

When <1% moves generate "Oh my god" headlines on ZH, it's the same media hype they poo-poo from MSM.

... and don't get me started on trivial nonsensical articles they post just for page views.

Sure, a site like this needs revenue.  But please don't resort to the same tactics MSM uses.  

A growing challenge for ZH is lack of substantial news to report.  We've had a 4 year education now on uncontrolled govt spending, uncontrolled Fed currency printing, bailouts, QE, hemorrhaging sovereign debt, all that shit.  It's not news anymore.  Sickening yes, but it's not news anymore.

There's really not much significant stuff to report these days.  Fiscal cliff?  That's not news, we already know what'll happen.

There really won't be much of anything significant to report until currency collapse happens, where all this is headed. 

 

Sun, 12/02/2012 - 12:16 | 3028079 Bag Of Meat
Bag Of Meat's picture

Please always point it out with a comment when a post is BS. Not everyone has the knowledge/skills to see it.

Sun, 12/02/2012 - 19:39 | 3028544 Pool Shark
Pool Shark's picture

 

 

Actually, the sales from December 2009 dwarf this month's sales (and May of 2010 was significantly higher as well).

Just sayin'...

 

Sun, 12/02/2012 - 21:16 | 3028667 Jay
Jay's picture

Yeah, Dec 96 sales were 626,000 ounces vs Nov 2012 sales of 136,500 ounces.

Sun, 12/02/2012 - 19:57 | 3028570 luna_man
luna_man's picture

 

 

Well, well, "cranky", if you really feel the way you do...

 

And take the rest of those green arrow pushers with you!!

Sun, 12/02/2012 - 22:39 | 3028774 PhattyBuoy
PhattyBuoy's picture

"Cranky"'s IQ is suddenly 145 ...

 

He never imagined that he could get so smart from reading Zerohedge all those years ...

 

Sun, 12/02/2012 - 23:11 | 3028820 derek_vineyard
derek_vineyard's picture

cranky wears cute panties

Sun, 12/02/2012 - 23:37 | 3028861 Bruce Flea
Bruce Flea's picture

Why are camel toes almost exclusively found on cougars?

Sun, 12/02/2012 - 23:59 | 3028892 Rubbish
Rubbish's picture

I like cranky, cougars and camels, but tell me, after all these years, why hasn't the sky fallin?

Mon, 12/03/2012 - 00:05 | 3028894 PhattyBuoy
PhattyBuoy's picture

How about "moose knuckles" ... ?

Mon, 12/03/2012 - 01:01 | 3028950 tenpanhandle
tenpanhandle's picture

the sky has fallen. we have been walking in sky for a few years now.

Sun, 12/02/2012 - 20:55 | 3028636 Aurora Ex Machina
Aurora Ex Machina's picture

Spot on. I, in my very tiny and not-very-economically-educated-way, have been trying to inject life, through fun, sillyness, a bit of truth and some rampant precognition.

The Baltic Dry Index has been limping along, and just pushed 1k (WHOOHOO!), we all know the score about Greece, the cliff and China's ouput figures, as well as Canada's bubble, Australia's currency ramping (including laughable FUD about making the Aus $ the new currency standard. Hint: look up the way rainfall has shifted in Aus over the last 5 years, it's going to totally fuck the East coast on fresh water supplies - and guess what? All the major centres are over there) and all the other bits of the puzzle.

From point-to-point, we're dealing with a glut of "prepared pap" information, and not much action. Everyone is waiting, so meh. Either ZH grabs some inside intel and just blows it out the door, or we all wait for 21/12/12. I'll give ZH my churn just to keep it going, as it's at least amusing. Here's an idea: ZH is obviously going to suffer from this, so start info-bombing your posts with as much intel (from where-ever you can get it), links and so on that you can add to enriching the local environment.

Sharing is Caring when there's nothing nutritious, and no-one is making money anyhow. What's worse: not sharing intel, or watching the wrong people profit?

 

[Note: I'm probably going to get rubbed out tonight, and ZH was down earlier. And I don't even eat squid]

Last call from the bar: if I speak no more, think as well of me as you can.

 

Prefiero morir de pie que vivir de rodillas

Mon, 12/03/2012 - 01:35 | 3028973 Aurora Ex Machina
Aurora Ex Machina's picture

Thanks.

 

That's a new one ~ 3 junks just for asking for people to share info?

 

Damn the cynical Hedge culture here (ironic raise of eyebrow)

Sun, 12/02/2012 - 22:37 | 3028771 dark pools of soros
dark pools of soros's picture

I'd be ready to send Tyler silver if he makes it member only

Sun, 12/02/2012 - 23:02 | 3028805 Fíréan
Fíréan's picture

I agree with the Cranky-Old Geezer post. Just recent was similar with a small spike in EUR/USD graph, partial graph posted.

I don't read this blog even half as much as i use to do years ago.

Sun, 12/02/2012 - 23:50 | 3028877 Escrava Isaura
Escrava Isaura's picture

Cranky, by Zero Hedge bringing all us here..., that makes Zero Hedge priceless. Anyway, keep up with your great comments Cranky. I always look foward reading them.

Mon, 12/03/2012 - 00:29 | 3028916 PeteJE
PeteJE's picture

This site just sells the fear and the authors are likely practicing the greed all the while.  Nothing new in markets.  It does provide some good jumping off points for thought and research, however.  Over time one sees the bulk of what is put out here is about as credible as world net daily.

 

Sat, 12/01/2012 - 21:54 | 3027274 smiler03
smiler03's picture

cockup

Sat, 12/01/2012 - 21:59 | 3027309 Schmuck Raker
Schmuck Raker's picture

I wouldn't call it cherry-picked data.Looking closer, I consider it a significant increase.

Aside from May of 2010, it's the largest MoM increase going all the back to 2005, and before that 1998.

WITH THE CAVEAT: Ignoring increases from months with sales of less than 20,000 ounces.

Sat, 12/01/2012 - 22:16 | 3027334 Schmuck Raker
Schmuck Raker's picture

THEN: Adjust for Price, and...well, I  red-arrowed JBallz in the end.

Sun, 12/02/2012 - 03:24 | 3027629 e-recep
e-recep's picture

roll back ten years and you'll see the difference. if you can't, you need to see an ophtalmologist.

Sat, 12/01/2012 - 19:41 | 3027061 jballz
jballz's picture

Oh for fuck sake go to the source page and look at the data. These spikes happen all the time.

Sun, 12/02/2012 - 01:33 | 3027553 economics9698
economics9698's picture

Especially when you are a teenager with a new jar of Vaseline.  

Sun, 12/02/2012 - 09:04 | 3027776 midtowng
midtowng's picture

If its a reaction to the Obama election, then this spike won't last very long. Anyone surprised by the Obama election leads a pretty sheltered life anyway.

Sun, 12/02/2012 - 19:47 | 3028561 Imminent Crucible
Imminent Crucible's picture

"anyone suprised by the Obama election"

I don't think it was a question of surprise. I think it was waiting for confirmaton. Maybe you didn't notice all the corporations who waited until they knew it was FOUR MORE YEARS to announce widespread layoffs and the conversion of countless jobs to part-time (less than 30 hours/wk) to escape the ObamaCare mandate tax.

Even Hostess waited until the election confirmed their worst fears to Kill The Twinkie. Oh wait, that was probably Sandy.

 

Sun, 12/02/2012 - 19:26 | 3028521 lasvegaspersona
lasvegaspersona's picture

probably just a few lemmings

 

Sun, 12/02/2012 - 20:42 | 3028627 MassDecep
MassDecep's picture

It would be great to see physical silver sales.

Sun, 12/02/2012 - 21:02 | 3028648 AmCockerSpaniel
AmCockerSpaniel's picture

Total ounces (GOLD sales US Mint) per year, starting with 2000

 

164,500

325,000

315,000

484,500

536,000

449,000

261,000

198,000

960,000

1,435,000

1,220,500

1,000,000

677,000 as of end of Nov. 2012

Mon, 12/03/2012 - 00:02 | 3028893 JPM Hater001
JPM Hater001's picture

Just until he's finished Dcon.

Mon, 12/03/2012 - 05:22 | 3029087 bobthehorse
bobthehorse's picture

Ben Bernanke is the sexiest man alive.

He's even cuter than Kim Jong un.

Peace on Earth.  Good will to men.

 

Sat, 12/01/2012 - 17:53 | 3026868 Fips_OnTheSpot
Fips_OnTheSpot's picture

Look, Unicorn.

Sat, 12/01/2012 - 18:24 | 3026924 DosZap
DosZap's picture

First time my huge dealer could not supply Mapes,but did sub another type.

24k,Baby all I care.

Sat, 12/01/2012 - 18:00 | 3026877 kaiserhoff
kaiserhoff's picture

Gold on viagra.  Burrish.

Sat, 12/01/2012 - 18:21 | 3026916 DosZap
DosZap's picture

Planned Event Horizon, right on schedule............

Just what they WANT.

Sat, 12/01/2012 - 18:01 | 3026881 Lagging Indicator
Lagging Indicator's picture

Wow, that's not parabolic or even asymptotic, it's *vertical*

Sat, 12/01/2012 - 18:13 | 3026898 dark_matter
dark_matter's picture

It's singular.

Sat, 12/01/2012 - 18:26 | 3026930 hawk nation
hawk nation's picture

Erect?

Sat, 12/01/2012 - 21:28 | 3027251 tsx500
tsx500's picture

Peter North would be jealous

Sat, 12/01/2012 - 20:33 | 3027151 Au Shucks
Au Shucks's picture

I believe in PMs as a store of wealth and as constitional money, but why do all the skeptical ZH minds immediately assume data/graphs are based on REAL data when the PTB in high places control what data gets released?  How easy would it be, if by design, to release data like this to accomplish some end?  That is a HUGE jump in AGE sales in a short time, and that information would almost certainly be withheld if there was interest in protecting the dollar (which so many here swear is the case with PM manipulation, myself included).  Let's be as skeptical of data which supports our contentions and beliefes as we are with data that suggests we are wrong.  If this is true, this demand spike, it is possible it is MUCH higher than what we're being told... of course, the opposite may also be true.

 

I maintain my position that there is significant data points which suggest that there is FAR more above ground gold than official statistics might suggest... if this is true, what better way to rob the wealth even of those who have sought refuge in what they think is a much scarcer resource than is reality?  A final blow to the final resistence against fiat debt notes?  When it is made known that far larger gold reserves and the dollar price plummets and all but the strongest of strongest hands bail out back into the FRNs? 

 

Okay, my scenario above is a little bit of a stretch, but take the message behind it as the point of this post.

Sat, 12/01/2012 - 21:34 | 3027240 BigJim
BigJim's picture

Even discounting the fabled 'Black Eagle Trust', there almost certainly IS more gold above ground than 'official' estimates:

   http://gata.org/node/10625

However... even at the accepted official 170,000 tonnes above gound, there is an annual stock:flow ratio of something like 60:1.

Now, according to a recent ZH article, there is ~85,000 tonnes left in the ground, but ~25% of it is unrecoverable.

So, if we say there could be another ~60,000 tonnes left to be mined, then even at 170,00 tonnes above ground, we're way past 'peak production'... and, if Philip Barton is right and there really are 1,700,000 tonnes, that means there's an even smaller proportion left to be mined....

Burrish! (as General Yamashita might have said)

Sat, 12/01/2012 - 23:04 | 3027410 Non Passaran
Non Passaran's picture

I don't care how much might be out there yet to be mined.
I care at white price it can be mined.

Sun, 12/02/2012 - 09:18 | 3027786 _underscore
_underscore's picture

BigJim - isn't this a false dilemna/red herring though?  If it gets to the stage where some CB/govt/agency/whatever/  even starts to suggest that there's 10x more available and/or above ground gold than we think, then what does that say is going on in that moment? The context will be near-SHTF or currency collapse - and who would believe a word of what they said at that point?

The old saw about 'how do you tell if a politician is lying' (ans: their lips move), will be true about their statements about gold by that point (if it isn't now, in the general populace's mind).

 

Sun, 12/02/2012 - 19:31 | 3028531 lasvegaspersona
lasvegaspersona's picture

sure there could be gobs of 'Black gold' ...except every thoughtful review of that topic I've read says that that contention is BS...anyway Larry Summers seems to believe in the manipulation of the POG to control the dollar's value through Gibson's paradox....control the POG and keep the dollar value (relatively) high...

Sat, 12/01/2012 - 21:25 | 3027243 bushwarcrime
bushwarcrime's picture

well said, if I was a deviant central banker it's what I'd do to fleece the sheeple, hard to admit as a stacker though

Sat, 12/01/2012 - 22:21 | 3027344 holdbuysell
holdbuysell's picture

Huh. China would really be bummed.

Sat, 12/01/2012 - 23:42 | 3027453 Oracle of Kypseli
Oracle of Kypseli's picture

@ AU SHUCKS

The scenario you're describing can only happen (if ever) if you own more gold than dollars. At 65% dollars to 35% gold as an example, no matter what happens to the price of gold, you can't loose a lot even if gold drops to half, (highly unlikely). But if gold goes the other direction because of a whiff of high inflation, gold price is going to overshoot exponentially, as it usually does.

I am not sure if many own PM's at this high ratio.

GOLD IS ETERNAL

http://www.youtube.com/watch?v=zOpm-I77r9Y

Sun, 12/02/2012 - 23:41 | 3028867 sampo
sampo's picture

Dollar or kg- or face value -wise?

Mon, 12/03/2012 - 02:21 | 3028998 Oracle of Kypseli
Oracle of Kypseli's picture

Dollar value

Sat, 12/01/2012 - 18:02 | 3026883 dogbreath
dogbreath's picture

Don't say it

Sat, 12/01/2012 - 18:05 | 3026887 traderjoe
traderjoe's picture

What ... Gold Bitchez ?!

Sat, 12/01/2012 - 18:32 | 3026941 oddball
oddball's picture

Fuck Bernak?  Fuck him and the Fed too!

Sat, 12/01/2012 - 18:43 | 3026960 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Bernanke is just doing what the good book of economics tells him to do.

Sat, 12/01/2012 - 18:49 | 3026971 Bay of Pigs
Bay of Pigs's picture

And following tradition...

Sat, 12/01/2012 - 20:44 | 3027179 Enslavethechild...
EnslavethechildrenforBen's picture

Thats why they built Fort knox, so us domestic terrorists would have some place to store our GOLD

Sun, 12/02/2012 - 04:47 | 3027657 e-recep
e-recep's picture

traditions says moneychangers fucketh the masses whenever and wherever they could.

Sat, 12/01/2012 - 18:05 | 3026888 Water Is Wet
Water Is Wet's picture

Allow me to preach to the choir:  I've not understood why gold hasn't skyrocketed since the election.  Not that Romney would have been any different, but Obama's re-election guarantees another 4 years of $1.2+ trillion deficits.  In the words of pre-insane Alan Greenspan:

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold.
...
This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.

http://constitution.org/mon/greenspan_gold.htm

Sat, 12/01/2012 - 18:08 | 3026890 kaiserhoff
kaiserhoff's picture

Lag in gubbermint kleptocrat reporting?

Sun, 12/02/2012 - 00:25 | 3027486 Manthong
Manthong's picture

The fiat dollar relationship to gold and silver is absolutely bogus.

It is suppressed and manipulated every which way to Sunday in a paper market that could not possibly be unwound without the paper valuation of physical assets (which they do not have) skyrocketing exponentially.

This means that the present sham of a market cannot act as an actual discounting mechanism.

The “market” discounts a synthetic and suppressed value of real assets that the system needs to maintain in order to keep control and avert chaos.

Their (financial syndicates and political lackeys) policies do not follow GAP, their math does not work in the real world and the fact that they keep secrets and will not force audits, disclosure and public scrutiny is all you need to know..

except for the fact that one day something will discompose their contrived equilibrium.

Sun, 12/02/2012 - 01:52 | 3027575 Vlad Tepid
Vlad Tepid's picture

These numbers are for November right?  It would seem then that people HAVE been piling into gold since the election...since these AGEs are coming from a fixed gov't program where they can only raise the price based on spot...I mean, since the gold blanks have already been purchased, AGEs sold from the mint wouldn't drive up the spot price, right?

Sat, 12/01/2012 - 18:29 | 3026935 DosZap
DosZap's picture

Allow me to preach to the choir: I've not understood why gold hasn't skyrocketed since the election.

 

Easy,can u spell M_A_N_I_P_U_L_A_T_I_O_N?............soon they will not be able to manipulate it any longer.

Very Soon.

Sat, 12/01/2012 - 22:05 | 3027319 beachdude
beachdude's picture

Easy,can u spell M_A_N_I_P_U_L_A_T_I_O_N?............soon they will not be able to manipulate it any longer.

Very Soon.

How soon?

Bring it, already...

Sun, 12/02/2012 - 04:49 | 3027659 e-recep
e-recep's picture

kondratieff wave theory says "before 2020".

Sat, 12/01/2012 - 18:31 | 3026939 Piranhanoia
Piranhanoia's picture

There is a sale going on.  It isn't advertised.

Mon, 12/03/2012 - 00:26 | 3028912 FreedomGuy
FreedomGuy's picture

Water, I think there are several reasons gold does not take off. First, is that there is  large expectation that Obama and crew will wreck the economy and return us to recession and deflation. Second, Europe could crash and do the same. Third, as individual countries in Europe begin to default, bond prices in the USA will continue to rise as one of the last safe harbors in the world. All three work against gold.

Gold would rise on expectations of default or monetization of debt. Otherwise, the demand for dollars will stay strong.

That's my take.

Sat, 12/01/2012 - 18:08 | 3026891 Yen Cross
Yen Cross's picture

 That yellow line going parabolic, is absolute sweetness>

Sat, 12/01/2012 - 18:08 | 3026894 aymankkhlifat
aymankkhlifat's picture

An ex here .. How much volume should you trade? http://stks.co/lFhm  

Sat, 12/01/2012 - 18:10 | 3026895 Mine Is Bigger
Mine Is Bigger's picture

The rich cashing out of stocks and moving into the "tradional store of value"?

Sat, 12/01/2012 - 18:11 | 3026896 whoopsing
whoopsing's picture

Christmas sales ?

Sat, 12/01/2012 - 18:12 | 3026899 apberusdisvet
apberusdisvet's picture

Ah; my little golden 1oz and 10 oz squares; I caress you softly each night; I worry not about the proclamations of the idiots in the MSM; I will love you all forever.  You protect me from the corrupt, the fraudulent, the delusional, the insane Krugmanites.

Sat, 12/01/2012 - 19:42 | 3027063 monogratis
monogratis's picture

Yes sir.  As far as I'm concerned, Krugman is a gold-bugs best friend.

Sun, 12/02/2012 - 23:08 | 3028813 Wakanda
Wakanda's picture

Is it hot in here, or is it just me?

Sat, 12/01/2012 - 18:13 | 3026905 Hulk
Hulk's picture

The Big Boys are taking delivery now, cause they know the game is up.

The joke that is the levered 40 to 1 paper gold fraud will disappear like a fart in the wind, joining MF Global in the vaporization

of fake and fraudulent wealth.

Get physical now Bitchez, the Ponzi is about to unwind...

Sat, 12/01/2012 - 18:24 | 3026923 hawk nation
hawk nation's picture

As someone earlier said when the average joe is starting to buy pm's you know the end to paper manipulation is near

The breakout to the upside should be fun to watch

As for bersatan you have to have a moral barometer to not be able to sleep at night and Im confident that is not an issue for him. Now having a target on his head causing him to fear for his miserable life may keep him up at night

I suspect the personnel security businesses are doing well and may be one growth area to invest in

Sat, 12/01/2012 - 18:25 | 3026928 DosZap
DosZap's picture

hawk nation

These are not the average bear movements.

Sat, 12/01/2012 - 22:00 | 3027312 seek
seek's picture

My read as well. I wish this were the common Joe, but I think what we're really seeing is profit-taking by the well to do being parked into gold.

If you look back at the year-end 2008 data during the collapse, there was a massive jump in gold volume, peaking at 176K ounces in December, and a similar pattern repeated in December '09 -- I think both cases are being driven by reallocation, and this year is no different.

If you look at the annual demand numbers, demand is actually down quite a bit in 2012 v. prior years. Unfortunately I don't think this signals the ponzi unwind is here. But it does show continued ongoing reallocation of savings into AU

Sun, 12/02/2012 - 23:06 | 3028808 Wakanda
Wakanda's picture

Unfortunately, most every common Joe I know is deeply committed to a life of struggle and being lied to.  Some of them are wonderful, big hearted people, but lack courage, clarity, or conviction.  The US public school system pounded the spirit out of them and they never recovered.  Sad...

Mon, 12/03/2012 - 00:51 | 3028939 imbrbing
imbrbing's picture

Are they trying to get cash so they don't go under? Think about it, if they KNEW gold and silver was going to outlast this all and they STILL DID THAT. Omg, they are more F'd up than I thought. They are trying to hang on to every ounce of paper they can, amazing if you think about it. They are going to eat themselves up from the inside out.

Mon, 12/03/2012 - 02:08 | 3028992 RockyRacoon
RockyRacoon's picture

You are more right, Hulk, than those here talking about "the average Joe" buying on this spike.  Anyone can buy from the primary dealers so I see most of this gold going off-shore.  J6P ain't buying... yet.  He's broke.

Sat, 12/01/2012 - 18:14 | 3026910 q99x2
q99x2's picture

Won't Blythe Masters simply buy and sell GS counterfeit paper gold as always? Ok I think I get it. Since the demand for physical goes up and there is only so much physical gold available the price uncouples from the paper no matter what the paper sells at. Got it.

Sat, 12/01/2012 - 18:19 | 3026915 Yen Cross
Yen Cross's picture

Blythe the JPM queen of xag is toast!

Sat, 12/01/2012 - 18:16 | 3026911 azzhatter
azzhatter's picture

I know I've greatly increased my purchases, now doing at least 2 buys a week. I love my shiny coins

Sat, 12/01/2012 - 18:17 | 3026912 evolutionx
evolutionx's picture

DHS Orders 450 Million Hollow Point Bullets

Homeland Security buys .40 caliber ammunition, orders 450 million hollow point bullets. The high performance HST bullets are designed for law enforcement and ATK says they offer “optimum penetration for terminal performance.”

 

http://www.mmnews.de/index.php/english-news/9815-dhs-orders-450-million-hollow-point-bullets

Sat, 12/01/2012 - 18:22 | 3026919 DosZap
DosZap's picture

Americans order/buy more than that on one weekday.

Sat, 12/01/2012 - 20:20 | 3027135 Tinky
Tinky's picture

Gee, thanks! Looking forward to your report on the result of the Presidential election a couple of months from now.

Sat, 12/01/2012 - 21:48 | 3027283 smiler03
smiler03's picture

Hilarious ;O)

Sat, 12/01/2012 - 18:22 | 3026918 zilverreiger
zilverreiger's picture

physical cliff bitchez

Sat, 12/01/2012 - 21:33 | 3027261 tsx500
tsx500's picture

+100    best one i've heard in awhile .... made me chuckle .... thanx !

Sat, 12/01/2012 - 18:24 | 3026921 LoneStarHog
LoneStarHog's picture

Sounds like people are loading up on lead for when it is announced that all their paper gold is paper and all their allocated/unallocated physical gold is gone.

Sat, 12/01/2012 - 18:27 | 3026931 lolmao500
lolmao500's picture

Well the mayan apocalypse is coming..

https://twitter.com/harryfear

Ceasefire 'broken proper': Israel bombs Deir Al-Balah in the Middle Gaza Strip area. Injuries report.

http://world.kbs.co.kr/english/news/news_IK_detail.htm?No=95028

N. Korea to Launch Satellite Between Dec. 10 and 22


Sat, 12/01/2012 - 23:00 | 3027403 Non Passaran
Non Passaran's picture

LOLMAO..

Sat, 12/01/2012 - 18:36 | 3026950 Herdee
Herdee's picture

Greenspan: "We didn't see it comin".So,if you believe that,I've got a bridge...

Sat, 12/01/2012 - 18:52 | 3026973 yogibear
yogibear's picture

Greenspan should be in prison sharing a cell with Bubba.

Sun, 12/02/2012 - 01:13 | 3027540 zebrasquid
zebrasquid's picture

Bubba Clinton.  For selling us out to the Chinese.

Sat, 12/01/2012 - 18:36 | 3026951 ebworthen
ebworthen's picture

For a barbarous relic that sure is a huge sales spike.

Sat, 12/01/2012 - 18:36 | 3026952 Dr.Engineer
Dr.Engineer's picture

I am going to start my war on paper and I am asking that you join me.  I am going to take a silver 1 oz coing and carry it everywhere I go.  When I talk to someone about the coming meltdown I'm going to take it out and put it in their one hand, take a $20 bill out and place it in their other hand, and then ask them what feels like money.  Nothing like holding real money to convince people.  When you see real money you can identify the fake.

Join the local currency war now!

Sat, 12/01/2012 - 18:41 | 3026958 hawk nation
hawk nation's picture

If you do business with any individuals start using pm's for payment it makes people think

Sat, 12/01/2012 - 20:33 | 3027158 Jendrzejczyk
Jendrzejczyk's picture

I always tell my clients that I accept gold and silver as payment. "Paper or plastic" are the only responses given.

Sat, 12/01/2012 - 21:53 | 3027301 XitSam
XitSam's picture

I would not pay you silver, because then I would need to replace the silver.  If we could do away with legal tender laws, and let competing currencies float, I would consider it.

Sun, 12/02/2012 - 09:27 | 3027796 css1971
css1971's picture

Gresham's law in action.

Sat, 12/01/2012 - 18:54 | 3026979 Pseudo Anonym
Pseudo Anonym's picture

of course everybody will take 1oz silver over $20 because 1oz of silver is now around $35.

but, how about 1oz silver in one hand and $50 in the other hand?  only an idiot would take the silver.

Sat, 12/01/2012 - 19:10 | 3027008 Island_Dweller
Island_Dweller's picture

Pseudo Anonym says "but, how about 1oz silver in one hand and $50 in the other hand?  only an idiot would take the silver."

 

well, there's lots of idiots out there......  watch this

 

http://www.youtube.com/watch?v=Gk5aRIz17fk

Sat, 12/01/2012 - 22:14 | 3027074 Pseudo Anonym
Pseudo Anonym's picture

that only goes to show i need to get out more often and stop thinking that because i know how much is 1oz of silver, gold, platinum, rhodium; or 1 ton of copper, barrel of oil etc., everybody else does because it's on the stupid teevee dozen times a day. in any case, there goes dr. enginneer's hypothesis.  so i just junked dr. engineer.

Sat, 12/01/2012 - 21:28 | 3027253 Beam Me Up Scotty
Beam Me Up Scotty's picture

I'd take the $50 because I could go buy an ounce and a half of silver with it. Funny thing is, I am starting to think of things in terms of silver. So I would look at the ounce in one hand and see an ounce. And the fifty in the other hand won't look like a $50 it will look like an ounce and a half. That's why I would pick the $50.

Sat, 12/01/2012 - 21:31 | 3027257 Hangfire
Hangfire's picture

What you are missing is that 99% of Americans couldn't tell you the value of an ounce of silver within $20.  I would be willing to be most people would say around $10...it's kind of scary when you realize how blind everyone is.  I think Jimmy Kimmel should hit the streets and test it out (like he did with starbucks coffee).  

http://www.youtube.com/watch?v=HxlGI4OzeBk&feature=player_embedded

Sat, 12/01/2012 - 21:53 | 3027296 alentia
alentia's picture

How about paying for cigarettes or coffee with $50 face value 999.9 Maple Leaf 1 ounce Gold coin?

Any takers? https://www.youtube.com/watch?v=jkk2E6ioIrQ

 

Sun, 12/02/2012 - 09:52 | 3027815 Quinvarius
Quinvarius's picture

Only an idiot would keep the $50 and not buy more silver with it at the current price.

Thu, 12/27/2012 - 00:58 | 3098204 MeelionDollerBogus
MeelionDollerBogus's picture

Silver will be 75 by September. I'll take the silver, not the fifty. With the fifty I have to HOPE I can get the silver & maybe I get ripped off. If I take the silver now all concerns are alleviated.

Sat, 12/01/2012 - 18:38 | 3026954 Poor Grogman
Poor Grogman's picture

Nice time to turn some paper profit into canoe ballast before the break above 1800 gets out of hand.

This canoeing hobby is getting mighty expensive...

 

Sat, 12/01/2012 - 18:43 | 3026961 Yen Cross
Yen Cross's picture

 I'm a currency trader, converted metal bug/  I would not be suprised to see gold at 2300 by the end of April 2013/ no shite

Sat, 12/01/2012 - 18:54 | 3026972 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

$2300/oz by April, sure.  But there will come a day when the $ is an astrix and the real value of gold is known by how many Beamers and Bentleys one oz can buy.

Sat, 12/01/2012 - 18:59 | 3026992 Yen Cross
Yen Cross's picture

 I got your pointe Mr. Hendrix/ The Australian dollar is heavily under valued, "purchasing power" as we speak.

  For the uneducated/ one Australian Dollar buys the equivelant of 3/4 quarters of a cheese burger from Mc Donalds in (USD)

    purchasing power {101}

Sat, 12/01/2012 - 22:25 | 3027355 Schmuck Raker
Schmuck Raker's picture

I'm no currency trader, but I should think there must be some outstanding arbitrage opportunities between AUD > Cheezburgers > McMansions. No?

Sun, 12/02/2012 - 00:19 | 3027483 Yen Cross
Yen Cross's picture

arbitrage/ thats a bit excessive...  You might be on to some larger deals when the RBA cuts rates next week. China japan USA

  Australias top3 trading partners/

Mon, 12/03/2012 - 02:15 | 3028994 Bear
Bear's picture

Visited Sydney ... I couldn't believe how high things were. I felt that everything I saw was at least twice as expensive as in the US. Got home sold AD bought CD and it's woked out well ever since ... sell CD-450, buy at par, repeat annually. Maybe next time though AD goes way south with China lies. 

 

Mon, 12/03/2012 - 05:10 | 3029081 Yen Cross
Yen Cross's picture

Go to Cairns and Port Douglas/ I get's really pricey.

Sat, 12/01/2012 - 19:04 | 3027000 h0oS
h0oS's picture

Hmmm, "Obama Phone" is also trending up...

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