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The Chart That Keeps Ben Bernanke Up At Night
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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Several weeks ago zerohedge noted the huge move of cash into bank savings.
I noted the people giving a big FU to the financial system due to the election results, going to cash from traditional financial instruments as a form of protest.
Part 2 above - huge movement of cash into pm's.
The people are speaking, are their masters listening?
Fight club is on. Masters take note.
*This chart excludes January, which had much higher sales than November.
Edit: in terms of coins. January slightly lost out in terms of oz (127k vs. 136.5k).
a slightly longer term perspective-
2000 164,500oz
2001 325,000oz
2002 315,000oz
2003 484,500oz
2004 536,000oz
2005 449,000oz
2006 261,000oz
2007 198,500oz
2008 860,500oz
2009 1,425,000oz
2010 1,220,500oz
2011 1,000,000oz
2012 677,000oz (so far)
Total 242.25 tons
That is correct according to the very same US mint data linked to by the article. Thank you.
Data FTW!
you gotta include 1997 and 1998 as well. i.e. asian and russian meltdowns, you will be surprised.
Complete data set from the Mint website, with avg London fix prices and 3 period smoothing- for those might mistakenly think there is correlation between 12yr periodicity in volumes with the price of gold.
semicolon delimited CSV
"Year";"Ounces";"3-Yr Avg";"Avg Fix";"3-Yr Avg Fix"
1986;1,787,750;;$367.53;
1987;1,253,000;;$446.48;
1988;560,000;1,200,250;$436.98;$417.00
1989;503,500;772,167;$381.44;$421.63
1990;457,450;506,983;$383.51;$400.64
1991;253,000;404,650;$362.11;$375.69
1992;385,800;365,417;$343.82;$363.15
1993;514,000;384,267;$359.11;$355.01
1994;310,000;403,267;$384.00;$362.31
1995;297,750;373,917;$383.79;$375.63
1996;275,000;294,250;$387.81;$385.20
1997;771,250;448,000;$331.02;$367.54
1998;1,839,500;961,917;$294.24;$337.69
1999;2,055,200;1,555,317;$278.98;$301.41
2000;164,500;1,353,067;$279.11;$284.11
2001;325,000;848,233;$271.04;$276.38
2002;315,000;268,167;$309.73;$286.63
2003;484,500;374,833;$363.38;$314.72
2004;536,000;445,167;$409.72;$360.94
2005;449,000;489,833;$444.74;$405.95
2006;261,000;415,333;$603.46;$485.97
2007;198,500;302,833;$695.39;$581.20
2008;860,500;440,000;$871.96;$723.60
2009;1,425,000;828,000;$972.35;$846.57
2010;1,220,500;1,168,667;$1,224.53;$1,022.95
2011;1,000,000;1,215,167;$1,571.52;$1,256.13
2012;677,000;965,833;$1,667.55;$1,487.87
Who's Abe?
<---A Really Honest Guy
<---A Disgraced Japanese Politician Coming out of Retirement To Be Disgraced All Over Again
To be complete the picture would need to include the short interest on treasuries.
Buying treasuries is helping the Fed in repressing rates. Shorting treasuries would force the Fed to buy more Treasuries to repress rates but the side effect would be that more money would have to be printed without ~sterilization~.
The Treasuries are the weak point of the fiat system as the collateral of the entire finanical system. In other to make teh Gold go ballistic, one needs to the Gold trade by shorting treasuries at the same. Be a good Gold bug to support the cause and short a bit of treasuries. Pass to friend traders. This is the way to bankrupt the Fed guaranteed, if even one goes and short a bit of treasuries, that is the way to go.
Fighting the Fed can be very bad for your wealth. Do you want to go short on T-bonds when the Fed can come in any day and squeeze you by the balls? Can you say "margin call"? You might have to sell all your gold to pay your broker.
Gold bugs should stick to buying physical Au, Pt, Ag, and Pd.
Fighting the Fed is a full time funny job. Profitable, dangerous. The Fed represses your physical Gold with paper, by shorting it. The way you hurt them back is by shorting the treasuries. Mutual torture. Definition of Fun.
What keeps Bernanke awake is not at all people buying physical Gold. What really scares teh shit out of him is that more and more people decide they want to short the treasuries while being long Gold. The only way he can wack my short is by helping my long by printing more money and push my Gold up. This is the way to Corner the Fed. Buy Gold and short treasuries. If many people do the same it is KABOOM 100% guaranteed, the Fed would lose control (see Sibileau piece on that).
Just short the strip, simple and buy some tobacco shares (which covers the carry cost easily) and buy some Gold. There is nothing hte Fed can do about that trade. Do not use much leverage in shorting the treasuries and do not use the futures market, short the strips outright. The differential between ILBE implied inflation and 30 years bond yield is at the lowest. When this metric goes negative your long Gold position goes to the moon. Something has to give, the real yield is so negative on the 30 years that by having the long short (with small short on Treasuries) you make the situation untenable for hte Fed. Besises, since buying 30 years is lending at less than 3% tor the Gov, shorting is the exact opposite, you borrow at ultra low rate from Gov. Why should anyone pass the opportunity to lock a less than 3% borrowing cost for 30 yeras from teh Gov and buy some hard asset with it? Short the Treasuries and buy hard assets, fuck them all up.
My palladium has done well recently.
Until it fell off the back of the pickup.
The Bernank don't care. That's the thing about psychopaths.
Ben Bernanke doesn't look at anychart unless at first glance its parabolic.
Bernank is a millionaire... doubt much keeps him up at night.
I'm sure he sits on a bit of gold as well. Gotta have all the bases covered.
Probably a gold dildo, "who's my bitch?"
I have more gold than Ben Bernanke,thats what keeps him up.
**TYLER:
Remember the recent massive bulge of bank deposits? It was right before t-giving. I think we know what the flow was: cash moving into bank deposit accounts (likely checking) then wires for the above Au purchases.
Any way t track wire transfer #'s?
If Tyler did not publish this The Bernanke would have never known. Thnx Durden
any chance donations to ZH are tax deductible?
If anything its trending down. If you look on the yearly sales since 2001, it was slowly increasing until 2007, then 2008 / 2009 sales rocketed up, where it peaked. Sales were down in 2010, 2011 even further, and 2012 looks to be even worse. For a site that prides itself in its chart-based data references, I'm a bit disappointed. It might just be time to take that profit from gold now. In fact, its about 200K oz short from last year, which was about 200K oz short from 2010. Anyone want to buy my gold? I should probably cash out now anyway considering the fiscar criff.
I celebrated the Obama Victory with 1 oz Pamp Suisse gold bars. They were $35 cheaper. I also celebrated by buying Austrian Philharmonics Silver coins. They were over a buck cheaper. Guess I'm not that patriotic but at least the other Mints of the world got to participate.
Easy, there, pard. Stay at 1-OZ.
The bigger ones have a habit of turning into Tungsten.
Exaxctamundo! I like the 5 gram shits. Fit hits the Shan and the smaller denominations will be better.
Never mind the charts. QE4 is on the the way and QE5 is on the back burner. Didn't you know, it is Uncle Benny buying all that gold. It's kinda like insider trading.
Can they make planchets under water ?
And the bullion funds (notably CEF and GTU) sick performance this year now reflects the reality of gold and silver BEAR markets
1980 --- Gold traded for $800 an ounce
2012 --- Gold trades for around $1700 an ounce
If you factor in 32 years of INFLATION (an average 5% per annum), then it would take a NOMINAL gold price of $2100 an ounce simply for the forever pathetic gold bullion to match its REAL value in 1979 dollars (after accounting for all those 32 years of INFLATION)
In other words, gold has NEVER been in a real "bull" market these past 32 years. It remains in a BEAR market and it remains one of the worst performing commodities in history, with only the truly hopeless silver being worse, since silver has even FAILED to match its NOMINAL dollar high of $50 an ounce set in 1979 LOL
Every dog has it's day. Anyone who bought gold or silver the last decade has done okay (unless you got in on the last recent top in 2011).
Dow/Gold ratio was in the mid 40's and now its at 7 or 8. So stocks are in a BEAR market compared to GOLD since 2000.
http://www.sharelynx.com/chartstemp/DowGoldRatio.php
If you picked 42 years instead of 32 years (so, gold from $40something to $1700) then you would have invalidated your biased point. I guess that's why you picked 32!
Actually gold is worth over 10k an ounce based on inflation.
Well, Reptile play it smart and don't buy any. Go for those bonds, robot traded stocks, futures...wherever your analyses take you. Correct me if I am wrong but every investment is based on timing. Bonds, stocks, commodities, REIT's, all have had their good and bad days and none of them have moved in a straight line over any 32 year period.
are you still crying about that 799.99 dollar gold and the 49.99 dollar silver you bought on the very last day of that 1980 market and then sold for 249.00 and 3.30 dollars at the begin of this market?
A Bear Market kinda like US Treasuries?
You are mismatching 1980 for 2020, and 1975 for 2012. Until gold drops 10% a year for 3 years in a row it's not a bear market. It won't happen.
goldpricemodel 2013 projection
goldpricemodel 2013 roc 52-week
gold 52 week ROC 1980 to 2011
And that's the mechanics of it. The REASON of it is that rates are at all time lows & exports & jobs are are in such great danger that voluntary deflation by valuing UP a paper currency will remove a person who does it from Central Bank and/or Presidential/Prime-Ministerial power. Suicide.
Not happening.
There is no bear market in gold & you know it.
Gold won't go back down to 1500. Won't go back down to 1300. Won't go back down to 900. Won't go back down to 650. Won't go back down to 260. Won't go back down to 35. All along the way at those numbers people like you have straight-faced lied or spoken insanity that it's a bear market bubble and it's over. You've been wrong every single time.
You show me the rates above 10%. You show me the rising property values. You show me the 3rd consecutive year of paper out-performing gold. Until then you have nothing.
SUGAR is at 30 year lows. Try that for an underperforming commodity. And as Jim Rogers says, then it's time to get to the other side of the boat.
It is just Christmas Shopping.
Black Friday discounts, you're saying?
transient?
can one really put
a price on tradtion ..
I can't walk away from the brilliant minds/ I'm sick...
I don't think US mint gold eagle sales are that relevent. Four nines pure is what investors want. If you melt 1000 OZ into a bar it would not even be considered a london good bar.
Sudzee has it right.
This cuts to the heart of why much of the RARE gold coin biz is a sham.
YES, numismatics is a great field for genuine collectables of historic value, but in the end, the melt pot determines the actual material value.
Anything beyond that is a measure of one's sales skills.
Ineffective intervention stage has arrived....the returns have diminished to -0-.
SheepDog-One continue to lead the pack.
over and out for now.
Oh and 1 more thing....FUCK YOU BEN SHALOM BERNANK! I hope you cant EVER sleep and have to O.D. on drugs!
+ choke on his gold dildo.
the beast is on the gobble
and all that matters is we're all headed for it's belly
http://youtu.be/ntmthFyaYzY
Woggie would oft post to this site,
A link that was nothing but shite,
What a fool and a bore;
he couldn't possibly do more,
to waste so many a byte.
Dude, do you get off posting your shit across multiple sites Woggieford/Woggie/Will Ling? What kind of work must one do to have that much free time that one sits around waiting on multiple sites for new articles to post in order to leave a little digital doo-doo?
Sucks for all the readers that can't comment for at least three days.
Bitches.
Yeah, 3 days...
Hillary's inaguration will be over before all those chomping at the bit to trash gold get approved to spew their anti-real money BS.
Do you love truth, freedom and the former "American Way"?
Buy gold and silver (and there may be a flicker of hope we can skip the Hillary part).
Headlined on Drudge!
So back on top at ZH!
If you value freedom, buy gold or silver as a portion of your savings.
Fiat currency (paper backed by nothing) fuels socialism.
Good, now all you stupid assholes who voted for Mittens OR "the One"... Go fuck yourselves!
Drudge is popular among those that voted for OBAMA?
Not a chance.
Who are you trying to fool, Drudge is plenty popular. Did you miss the Mittens part? My commet was equal calling out the statist sympathisers. Fuck them!
Look at the advertisements on Drudge and tell me it is popular among democrats and socialists.
Baloney.
Huge visibility for ZH! Awesome.
Currently Chevy and Netflix.
Not tring to tell YOU shit. I am trying to tell the Romney (and Bamma) voting, party loyal fuckwhits.
TGFT
(Press the red down arrow if you voted for the status quo)
ZH is gaining too much notoriety ... soon the trolls will take over (excluding me of course)
They'll just sign up to "down vote" truth, freedom and gold.
they have under reported the gold eagle sales as long as they could and eventually had to make the books correct, next month silver will do the same thing!!!
Could you plot ammunition sales on that graph, too?
Could you plot tungsten sales on the graph too?
Seriously, any anecdotal accounts or verified reports of 1oz gold rounds or wafers being tungstenized? Still clear on the various dealers, e.g., Nortwest territorial Mint, APMEX, etc?
Hope to have vaporized my last penny of debt in 6 mos., and from there on it's going to be tithing about ten percent in PM's -at a minimum, provided the banksters and sovereigns can keep the Au rehypothecation racket under wraps that long and keep the price low.
Are Mexican 50 pesos good bullion to own? I don't have any gold Eagles. Wondering if I should trade some pesos for Eagles.
"I get knocked down, but I get up again, you ain't never gonna keep me down!" - Gold, singing its own theme song.
The deflation in the eurozone is releasing more Gold
Is that its true purpose ?
Looks like it from where I sitting.
Since at least the single european act these economies have been run entirely as private banking fiefdoms without even the slightest poltico check on the rate of extraction both during the credit inflation and money deflation phase.
The Gold market is the least of their worries, it is small enough to rig at a "modest price" in the new normal.... All the other "rigging" is monumental in comparison, trillion here, trillion there just for a small finger in the dike.
Dork lol
can you give us a paicture of Irish real estate. Is everything still expensive or are ther bargains.
Throw your best punches while you are linked on Drudge, Mr. Durden!
Watch the "reads" counter on this story move (and doesn't a person have to click through to the full story to get a "read"?).
This seems like peanuts. A $130mm pop in ASE sales? Hopefully this is GLD investors coming to their senses, but I'm not very convinced J6P has any idea what is coming.
The Asian markets are full on "Wile E. Coyote", over that China [HSBS manufacturing print]. At least the aud/usd popped the 1.04 cherry/ Nice gaps to fill in Europe...
17:45 CNY Chinese HSBC Manufacturing PMI 50.50 50.4050.40
It astonishing how much traffic the Drudge Report generates
Funny, I never read the Drudge report. I guess not cynical enough for me. That's why I like ZH.
Drudge = CIA safety valve for sheeples to get "alternative" news.
Same with NPR. All of my artist friends think they are "smarter" because they listen to NPR rather than ABNBCBSFOX.
Gag me.
Is there such thing as a non-Judaic on-mic employee at NPR?
The Judaic "Rachel" Martin on Sunday morning just can't wait till ram Western "enlightenment" (LGBT, sex change operations, abortion, pornography, all that great stuff, debt slavery) down the throat, by gun point, of the Muslim-Arab universe.
I'm not in love with the apparent general viewpoint of the Muslim religion toward females in general. But the MSM refuses to broadcast news about Judaic bigotry and sexism toward women: Rabbis practically beat a woman to death for not moving to the back of the bus in Israel, Rabbis demanding to view women's underware to measure the diameter of blood spots and telling the woman she'll die in childbirth if she gets pregnant on the wrong day, demanding money from men to "bless" the man's wife to get pregnant then when it doesn't work the Rabbi demands more money, felating a baby during briss giving the baby herpes that later kills the baby...
Isn't Drudge just a glorified link aggregator?
I read about Kyle Bass and his interaction with Comex. But upon looking at the details, UT did not actually take possession. Meaning, they did put it on an armored transport and bring to Austin, TX. The bars are located (somewhat randomly) in the trustee vaults. So what they really have is paper gold - maybe they just have better paper than GLD holders, but it is paper.
If it is SHTF time, the UT gold will be "reassigned" to the Gubmint in exchange for "credits" of some sort. That is if they are not lost through re-hypothecation. Bass probably has a rider for that in their custodial agreement - but that assumes adherance to "rule of law" - the reason you buy gold is a breakdown in the rule of law or at least an asymmetrical financial event.
I buy a lot of silver. Sweet dreams Ben.
Wife asked me what I wanted for CHRISTmas. I stated some camping gear and silver ounces. She paused, assessed and said ok. She is starting to get it. We were in Target and I wanted to get a couple more 5 gallon fuel stores.....she said sure. She is starting to get it. I hope those of you out there are starting to get it too. It's coming and it will be quick. Prepare BitcheZ.
Well done I/R and the MRS. You won't regret it!
you got it.......I hope you saw my reply the other night. like I said then and now....I like you. Keep shorting those currencies.
Thanks I/R... Missed your comment It's the thought that counts ;-) be well/
you as well
What your wife is starting to get is, you won't heal from the prepper sickness. So now she just says 'yes' whenever you suggest buying more bulk ammo, MREs, bulk rice in mylar bags, a chicken coop, a bugout vehicle...
TEOTWAWKI, SHTF, WROL or any of that won't happen anytime soon, but prepping surely is a catchy meme. I'm somewhat of a prepper myself.
I just need enough time and prep to get us out to the family farm. Once we are there, we will be fine as the rest of the family has done the real work. Circle the Wagons! I don't think an TEOTWAWKI event is on the horizon, but a nice grid failure for a month or two would do the trick. I saw it in Sandy and that was a week for most. People flipped the fuck out. I watched movies and hung out with my daughter.
Long new ZH posters
People want to preserve what they have; thus the silly metal.
They have a $50 legal tender status but they cost $85 over spot gold which is at $1720 at the moment. That's government planning for ya.
Maybe, some of the "Financially Illiterate" from Drudge will get a clue?
Some of the "Terror-ized Warmongers" from Drudge could learn something here too.
Good point. fear of the unknown has started a few wars....
Brisbane house prices decline for eighth straight quarter but not yet at the bottom: Australian Property Monitors
Year-on-year, Brisbane house prices have fallen 3.7% since June last year, more than Melbourne's 2.6% year-on-year decline, with Adelaide (- 2.1%) and Sydney (-1%) also recording smaller 12 month declines.
http://www.propertyobserver.com.au/queensland/brisbane-house-prices-decl...
Thanks for the update CheapBastard Queensland and the Northern T. are screwed with this mining slowdown/
It's all good in China though!
I'm too tired to fight back/ Must find a trade/
NY FED Tungsten is where the big money is being made.
IT's finger giffen good!
ZH on Drudge is like putting Linda Lovelace on Sesame Street.
I didn't realize Sesame Street was committed to cleaning up their act.
Breaking news, Kim Kardashian brings peace to the middle east using only her breasts!
http://www.youtube.com/watch?feature=player_embedded&v=iva6KrfCqtc
What kind of analysis is this? If you go to the U.S. Mint pages and actually look at the monthly data, you'll notice:
If the last 30 days have seen the largest physical gold sales in record, its just a rolling 30-days record, not a monthly record. I think Bernanke sleeps well at night. Loading a helicopter with all that cash must be exhausting.
Tee, hee, hee. Yeah, that is what one could discern with a sharp eye.
Also, a bit more obviously...
LOOK AT WHAT THEY ARE CHARGING OVER SPOT PRICE. $1978/ounce BUT "sold out" of the uncirculated 1 ounce coin.
Gold first broke $2000 a long time ago for gold coins sold by the U.S. Mint.
Maybe they know something they hope the average Drudge reader doesn't notice.
What keeps Bengahzi and the 911 2012 Missing Jets up at night is the fear that he is asleep and the Ghost of the USS Liberty Jets will come back to haunt him. Kinda like reading these words on this post. Ah haa haa haa haa haa. BOO!
You see Benny boy, it ain't about slaughtering people to try to stay alive, or a whole country that is the image of the Antichrist. It's about the Holy Ghost. Ah ha ha haa haa haaa. You know, like the Ghost of Christmas past, when you killed yourself by killing Mercy. Ah haa haa haa haaa. Can you hear your chains Benny? Ah ha haa haa haa haa. Who has the key Benny? Ah haa haa haa haaa. Look there Benny, who is that up on the Cross? Now Benny, look to Christmas future. Ah haa haa haa haa. Is that you up there Benny? Ah haa haa haa haa. Benny ...Benny BENNeeeeee. Ah haa haa haa haa. Can you rise above Benny? Ah haa haa haa haaa. Can you rise above and go beyond the call of duty? Ah haa haa haa haaa. Can you open the door to your tomb Benny? Ah haa haa haa haa. Benny ...Benny ...BENNeeee. http://www.youtube.com/watch?v=KMf8WHMeg1g Ah haa haa haa haa. Save yourself Benny. Ah haa haa haa haa. Save yourself. Ah haa haa haa haa.
Speaking of Benghazi...
...eh hum, pardon me, lol, where are the two drug running witnesses, lol, you know, what was the cause for them to be held there where the slaughter of the President's Ambassador was for how many hours was it again that the 911 call never was answered? Ah haa haa haa haa. Pardon me, is this team Iran Contra American Weapons Grade Anthrax in the mail? Ah haa haa haa haa. ...or just another crazy guy that committed suicide the day he accepted the mission? Ah haa haa haa haa. What? is the President going to pardon himself again like that team? Ah haa haa haa haa. I have a chair and a Patriot Act Drill and a question, ''is it safe in Benghazi?'' Ah haa haa haa haa.
P.S. Dis, I read their book, and they were missing the key. I saw their map room, and they are deceived. If you have a clue you would know what I mean, and that would mean one of two things. Either you are really really good, or just plain bad. ...and know this, it ain't about a country, it's about the world.
American Diplomacy....a ha hah ha ha oxymoron.
In other words it's a fucking joke. The whole story was bullshit from the beginning, because as knukles, I and another poster tried to point out at the time this was the hot news there was no State Department Consulate in Benghazi. The Ambassador involved himself in a non-diplomatic 'mission' and he paid the price. When you lie down with dogs...
Maybe some day we'll learn WTF was really going on there, but I doubt it.
...lol, obviously you did not get them to put their book in your hand. Lol. Guess you really gotta be good to do that huh? LMAO, or they have to be really stupid. Ah haa haa haa haa.
P.S. Don't mind me, lol, I'm supposed to be retarted. LMAO.
from commenter "Danny" at Giraldi's article:
Whether it's President Obama or another (R) or (D) in office doesn't mean shit to me. Of course for some it's all about scoring political points over the other team.
...umm, just a sec, just a sec, Ah, here it is, oh wait, let me turn the page. Ah yes, there it is. Pearl Harbor Event. Man that still looks strange on top of that FDR pyramid. LMAO. You would think they would do a better job building a tomb to seal the closet where they tried to keep the body. Ah haa haa haa haaa. Looks like them boys will end up killing Enoch errr something. LMAO, just because they ''know'' physics, lol, they think that Genie will not kill them. Guess they really do believe the turd and they really will not die if they eat shit. LMAO.
http://www.youtube.com/watch?v=RWmqfyE4M6o
http://www.youtube.com/watch?v=9R28b8XXoXs Pie in the face, lol.
P.S. Who is that guy the Little Boy has dancing on the stage? I wonder who that Little Boy is, such an explosive personality. LMAO.
http://www.youtube.com/watch?v=NzdUy90vTuk
Someone give me a trade that isn't served in shit gravey/
Another sensationalist, part bogus Zero Hedge headline. This is getting too regular.
Yeah, the truth IS stranger than the paper-printing fiction.
I'm into pork and beans.
Hosanna.
Ammo is also a good buy.
Can you buy gold with an EBT card?
Checkmate, bitchez!
(until the socialists flip over the board and ban gold again)