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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 | Link to Comment DCon
DCon's picture

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

 

Sat, 12/01/2012 - 18:12 | Link to Comment Wakanda
Wakanda's picture

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

Sun, 12/02/2012 - 08:25 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment dlmaniac
dlmaniac's picture

Time to mint tungsten gold / lead silver coins?

Mon, 12/03/2012 - 05:19 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment bigkahuna
bigkahuna's picture

---

 

---

 

this story was linked on Drudge

 

---

 

---

Mon, 12/03/2012 - 00:10 | Link to Comment tickhound
tickhound's picture

 

 

MEMO to Drudgies:

 

Your de-tox starts today.

 

Mon, 12/03/2012 - 00:58 | Link to Comment 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 | Link to Comment Pool Shark
Sun, 12/02/2012 - 23:11 | Link to Comment 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 | Link to Comment SmallerGovNow2
SmallerGovNow2's picture

fuck that local law bull shit....

Sun, 12/02/2012 - 23:34 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment SmallerGovNow2
SmallerGovNow2's picture

WTF do you know that no one else does? 

Sun, 12/02/2012 - 23:53 | Link to Comment 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 | Link to Comment rambo1028
rambo1028's picture

Zombie apocalypse bitchez!!

Sat, 12/01/2012 - 18:28 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment derek_vineyard
derek_vineyard's picture

cranky wears cute panties

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

Why are camel toes almost exclusively found on cougars?

Sun, 12/02/2012 - 23:59 | Link to Comment 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 | Link to Comment PhattyBuoy
PhattyBuoy's picture

How about "moose knuckles" ... ?

Mon, 12/03/2012 - 01:01 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment smiler03
smiler03's picture

cockup

Sat, 12/01/2012 - 21:59 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment economics9698
economics9698's picture

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

Sun, 12/02/2012 - 09:04 | Link to Comment 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 | Link to Comment 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 | Link to Comment lasvegaspersona
lasvegaspersona's picture

probably just a few lemmings

 

Sun, 12/02/2012 - 20:42 | Link to Comment MassDecep
MassDecep's picture

It would be great to see physical silver sales.

Sun, 12/02/2012 - 21:02 | Link to Comment 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 | Link to Comment JPM Hater001
JPM Hater001's picture

Just until he's finished Dcon.

Mon, 12/03/2012 - 05:22 | Link to Comment 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 | Link to Comment Fips_OnTheSpot
Fips_OnTheSpot's picture

Look, Unicorn.

Sat, 12/01/2012 - 18:24 | Link to Comment 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 | Link to Comment kaiserhoff
kaiserhoff's picture

Gold on viagra.  Burrish.

Sat, 12/01/2012 - 18:21 | Link to Comment DosZap
DosZap's picture

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

Just what they WANT.

Sat, 12/01/2012 - 18:01 | Link to Comment Lagging Indicator
Lagging Indicator's picture

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

Sat, 12/01/2012 - 18:13 | Link to Comment dark_matter
dark_matter's picture

It's singular.

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

Erect?

Sat, 12/01/2012 - 21:28 | Link to Comment tsx500
tsx500's picture

Peter North would be jealous

Sat, 12/01/2012 - 20:33 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment _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 | Link to Comment 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 | Link to Comment 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 | Link to Comment holdbuysell
holdbuysell's picture

Huh. China would really be bummed.

Sat, 12/01/2012 - 23:42 | Link to Comment 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 | Link to Comment sampo
sampo's picture

Dollar or kg- or face value -wise?

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

Dollar value

Sat, 12/01/2012 - 18:02 | Link to Comment dogbreath
dogbreath's picture

Don't say it

Sat, 12/01/2012 - 18:05 | Link to Comment traderjoe
traderjoe's picture

What ... Gold Bitchez ?!

Sat, 12/01/2012 - 18:32 | Link to Comment oddball
oddball's picture

Fuck Bernak?  Fuck him and the Fed too!

Sat, 12/01/2012 - 18:43 | Link to Comment 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 | Link to Comment Bay of Pigs
Bay of Pigs's picture

And following tradition...

Sat, 12/01/2012 - 20:44 | Link to Comment 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 | Link to Comment e-recep
e-recep's picture

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

Sat, 12/01/2012 - 18:05 | Link to Comment 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 | Link to Comment kaiserhoff
kaiserhoff's picture

Lag in gubbermint kleptocrat reporting?

Sun, 12/02/2012 - 00:25 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment e-recep
e-recep's picture

kondratieff wave theory says "before 2020".

Sat, 12/01/2012 - 18:31 | Link to Comment Piranhanoia
Piranhanoia's picture

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

Mon, 12/03/2012 - 00:26 | Link to Comment 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 | Link to Comment Yen Cross
Yen Cross's picture

 That yellow line going parabolic, is absolute sweetness>

Sat, 12/01/2012 - 18:08 | Link to Comment aymankkhlifat
aymankkhlifat's picture

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

Sat, 12/01/2012 - 18:10 | Link to Comment 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 | Link to Comment whoopsing
whoopsing's picture

Christmas sales ?

Sat, 12/01/2012 - 18:12 | Link to Comment 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 | Link to Comment 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 | Link to Comment Wakanda
Wakanda's picture

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

Sat, 12/01/2012 - 18:13 | Link to Comment 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 | Link to Comment 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 | Link to Comment DosZap
DosZap's picture

hawk nation

These are not the average bear movements.

Sat, 12/01/2012 - 22:00 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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.

Thu, 12/27/2012 - 03:41 | Link to Comment MeelionDollerBogus
Mon, 12/03/2012 - 02:08 | Link to Comment 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 | Link to Comment 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 | Link to Comment Yen Cross
Yen Cross's picture

Blythe the JPM queen of xag is toast!

Sat, 12/01/2012 - 18:16 | Link to Comment 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 | Link to Comment 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 | Link to Comment DosZap
DosZap's picture

Americans order/buy more than that on one weekday.

Sat, 12/01/2012 - 20:20 | Link to Comment 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 | Link to Comment smiler03
smiler03's picture

Hilarious ;O)

Sat, 12/01/2012 - 18:22 | Link to Comment zilverreiger
zilverreiger's picture

physical cliff bitchez

Sat, 12/01/2012 - 21:33 | Link to Comment tsx500
tsx500's picture

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

Sat, 12/01/2012 - 18:24 | Link to Comment 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 | Link to Comment 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 | Link to Comment Non Passaran
Non Passaran's picture

LOLMAO..

Sat, 12/01/2012 - 18:36 | Link to Comment 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 | Link to Comment yogibear
yogibear's picture

Greenspan should be in prison sharing a cell with Bubba.

Sun, 12/02/2012 - 01:13 | Link to Comment zebrasquid
zebrasquid's picture

Bubba Clinton.  For selling us out to the Chinese.

Sat, 12/01/2012 - 18:36 | Link to Comment ebworthen
ebworthen's picture

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

Sat, 12/01/2012 - 18:36 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment css1971
css1971's picture

Gresham's law in action.

Sat, 12/01/2012 - 18:54 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Yen Cross
Yen Cross's picture

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

Sat, 12/01/2012 - 19:04 | Link to Comment h0oS
h0oS's picture

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

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