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.


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:


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"


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 -


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.... 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


Liberty Coin & Precious Metals

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



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.


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