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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whoopsing's picture

Christmas sales ?

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.

monogratis's picture

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

Wakanda's picture

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

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...

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

DosZap's picture

hawk nation

These are not the average bear movements.

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

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...

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.

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.

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.

Yen Cross's picture

Blythe the JPM queen of xag is toast!

azzhatter's picture

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

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.”

DosZap's picture

Americans order/buy more than that on one weekday.

Tinky's picture

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

zilverreiger's picture

physical cliff bitchez

tsx500's picture

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

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.

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

Herdee's picture

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

yogibear's picture

Greenspan should be in prison sharing a cell with Bubba.

zebrasquid's picture

Bubba Clinton.  For selling us out to the Chinese.

ebworthen's picture

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

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!

hawk nation's picture

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

Jendrzejczyk's picture

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

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.

css1971's picture

Gresham's law in action.

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.

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

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.

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.

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 $'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).

alentia's picture

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

Any takers?


Quinvarius's picture

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

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.

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...


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

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.

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}

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?

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/

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. 


Yen Cross's picture

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

h0oS's picture

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