• BullionStar
    05/30/2016 - 21:24
    The US Gold Market is best known as the home of gold futures trading on the COMEX in New York. The COMEX has a literal monopoly on gold futures trading volumes worldwide, but very little physical...

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 - 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.”



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..


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


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

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


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



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).  


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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