"The Chinese Don't Want Dollars Anymore, They Want Gold" - London's Gold Vaults Are Empty: This Is Why

Tyler Durden's picture

Today gold slid under $1200 per ounce, dropping to a level not seen in three years. Judging by the price action one would think that gold is not only overflowing from precious metal vaults everywhere, but can be found thrown away on the street, where nobody even bothers to pick it up. One would be wrong. In fact, as Bloomberg's Ken Goldman reports, "you could walk into a vault in London and they were packed to the rafter with gold, and the gold would trade from me to you to somebody else. You could walk into these vaults today and they are virtually empty. All that gold has been transferred out of London, 26 million ounces...." To find out where it has gone and why it is never coming back, watch the clip below (spoiler alert: listen for the line: "the Chinese don't want US dollars anymore, they want gold").

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G.O.O.D's picture

we so solly that our garden now.

kliguy38's picture

There's two sides to this trade...........PHYSICAL and PAPER........that's all you need to know........eventually one loses big. If you're paper trading with the boyz then you're playing their game.......listen to papasmurf

Crisismode's picture

The Chinese will be buying at $1100.


The Chinese will be buying at $1000.


The Chinese will be buying at $900.


The Chinese will be buying at $800.


The Chinese will be buying at $700.


Ad Nauseum.



kliguy38's picture

They might.......but you won't be

layman_please's picture

can anyone follow their twisted logic? so if there will be no gold to have in 2014, then that will be the reason it will fall down to 700? and that it hasn't already is only due to china buying with both hands? it only has few more days? until the vaults are empty? nice to know. cheers.

TeamDepends's picture

Reason?  Logic?  They caught the last train for the coast....

Manthong's picture

Confooscious  say..

Wise guy gringo with bald head and gray beard get large wong stuck while wrong.

But the yellen will be swellin' while she be be smellin' from the jellin'.

Bay of Pigs's picture

This story was up all day over at Silver Doctors (and other sites). Why does it get posted in the middle of the night around here? Not the first time I've seen this either.

It's a BIG fucking devolopment if true.


kliguy38's picture

yeah pig.....I wuz wunderin' the same thing too........looks like its gettin' some love though....even in the middle of the night

James_Cole's picture

“Platinum, we talked about South Africa - that was very good“

Need moar labour strikes and mass shootings, c'mon gawddamnit get those prices up!


DoChenRollingBearing's picture

The Bearing Guy got his gold yesterday (0.25 oz Gold Eagle) paid for with BTC.  Also yesterday I met with a local who sold me BTC for CA$H, we did the deal, yes, at a Starbucks (respecting "tradition").

"Bitcoin Insider" straightens me out on a few points.

And while fiatleak.com is gone, http://btccast.com/ is now broadcasting the same (Andrew Hodel's) information in near-real-time about BTC trading via the world's BTC exchanges.

"Fun With Bitcoin for Beginners: Part Five"




An Italian lady (a friend of my wife) came by this evening.  I asked her "WTF" is going on in Italy (no, I was more polite...).  She told me that things are terrible there and getting worse.

And that the Chinese are moving in and buying places in Tuscany, vineyards, "trophy properties", etc.  And teh Italians ain't happy about it...

IridiumRebel's picture

Dang it DCRB....you entice me with your libertarian digitry. Stop and you may just make IR sell some stawks for a BTC or two.

TruthInSunshine's picture

Fonestar told me China really wants to corner the bitcoin market, and is trying to amass a surplus of physical gold with which it can do so.

Boris Alatovkrap's picture

Chinese Proverb:

Wai su man bai me ta lu, no bai pei pa.

TruthInSunshine's picture

Confucius say "[I]f you don't hold it you don't own it, and I don't want to hear any bullshit about digital wallets, bitchez."

i-dog's picture

The Chinese will indeed wish to grab (and hold) physical gold ... until the State tells them they must transact in GlobalCoin.

Governments will soon (2 more years?) all be transacting with their dependents, err, citizens in cyber-currency/s.

GetZeeGold's picture






Wudda ya mean I can't get gold out of my ETF?

BaBaBouy's picture

GERMANY Is Waiting 7 Years To Get Just 20% Of Their GOLD Back From The NYC FED!!!!!!!!!!!


We Now come To A FORK In The Road, Go With The Chinese, Or Go With GreenShpan Bernanky And Yelling... You Have A Choice... 

Which Way You Go ???

OutLookingIn's picture


They who have the gold - RULE!

zaphod's picture

Forget the chinese

I don't want dollars anymore, and want gold instead.

silverserfer's picture

I have hunch geman gold reclamation news was delayed abotu two years late deliberly after the cash for gold craze. Notice how that has vanished? then the news comes out? Why no more cash for gold advertisements up in everybodys face?

All I know for sure is shenanegins. I'm calling out sheenanegins going on in the physical gold market 

daveO's picture

I still see the ads. Bet it's going to China, too.

Dugald's picture


Nurts.......leave it the Cosa Nostra....they fix

holgerdanske's picture

This is true. The Italians are very close to boiling over. I saw the Financial Police threaten a small Chinese girl on a train from Italy to Switzerland. Three grown men demanded that she empty her bag to search for cash money. She resisted them calmly and politely asking for ID. They eventually stopped the train, but she was left in peace after a lot of passengers got upset.

The Italians in charge are fascists, they have been ruled by fascists and EU technocrats, they have lost a lot of respect for the police the government and the the rest of EU.

This applies to almost any other European country. The rulers have become faceless bureaucrats, appointed, not even elected. More and more the national agenda is subjugated according to the international agenda, and people are loosing faith. This will be the last generation where we can expect to live our lives in peace without fighting for our freedom.

The international elite press ahead, "privatizing" = stealing public assets like roads, water, sanitation, health, policing, security, you name it, they steal it. First we pay for it through taxes, then it is stolen and we have to pay for it again through extra taxes. It can't continue, it can't last. You can only drive a people so far up the creek, and they will turn and bite.

The indoctrination of school children makes it difficult for people to speak freely, because there is a racism paragraph somewhere threatening to silence you. But the take over by Chinese is a disaster for many places on earth, and it is one that can only be countered by resistance. This is not something you can be polite about. If you don't like it, prevent it. The politicians have long enough run roughshod over the local populations and demanded that the world become "multicultural".

I think the local populations around the globe have had about enough of this "cultural enrichment". People in need should be looked after, but people that overwhelm, overburden and overextend the locals will be resisted and rejected.

Money should not be the only determinant in this play, because the Chinese can now buy about anything with their fake dollars, and soon even more with their real gold. Europe and the USA is fast on the way to become the servant of China.

The banksters, IMF, the monetary elite like Bernanke and his ilk before him the international gang of hereditary politicians, have some serious problems to answer for. They will soon be able to add another, social resistance and defiance, which can quickly lead to resistance and insurrection.

We, the people, have had it.

29.5 hours's picture




So, this is all the fault of the Chinese? The world is simpler than I had thought...

Bendromeda Strain's picture

But the take over by Chinese is a disaster for many places on earth, and it is one that can only be countered by resistance.

Maybe you could start by parsing this...

fiftybagger's picture

Wait.  Now it's somehow the Chinese' fault that Europe is becoming a socialist backwater hellhole?

angel_of_joy's picture

What do you mean by "is becoming"??

That happened 10 years ago.

trader1's picture

i'll take europe any day over the usa.  

give me a break.

BoNeSxxx's picture

I, for one, will not take any European country seriously until they convert to proper toilets.

What the hell?  Those little tall bucket-looking things?  I still giggle every time I sit on one.

RealityCheque's picture

Yankee shithouses are insane. Way too much water. It's like taking a dump in a swimming pool.

Doña K's picture

What if the megabanksters wait until China has cashed out all the Dollars and all the gold is bought out and make a sharp u-turn ala Volker at 22% - 25% ? 

We are 25% physical and 75% cash

donsluck's picture

It cannot be done without horrific consequences for the national debt. Unless the USA repudiates, we are stuck in ZIRP land. The 70s/80s are long gone.

Lost My Shorts's picture

The Chinese have a great system.  They are simultaneously refugees from communist PRC oppression and merchantilist aggressors destroying Western economies.  All they want is freedom of speech ... and to own your house.  Good luck getting rid of them.

Joenobody12's picture

Right on. The Chiense is coming for your house, your wife and your kids too. You did not do this to yourself. IT is the Chineses fault. 

Bendromeda Strain's picture

If you have to sell to pay the wages of your debt slavery, why is that the buyers fault? China/Chinese playing the hand they have been dealt.

Don't hate the playa - hate the game...

Prisoners_dilemna's picture

fiatleak.com is gone

However http://fiatleak.dyndns.org/ is here.


Same site, different domain name.

fonestar's picture

fiatleak.com is still working.

Fire Angel's picture

Hey, dude. Congrats on that!!! I've been on the edge of my seat over the last week or so wondering how that trade would work out for you. I'm glad you've now got your shiny in the palm of your (grease-lubed? LOL) hands. 

Fire Angel