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Gold Infographic: The Eclipsing Demand Of The East

Tyler Durden's picture


Lifted by a continued surge in Asian gold sales, consumer demand for gold reached an all-time high in 2013 at 3,893 tonnes. Amazingly, 54% of this demand came from two places: India and China. However, it is only recently that the East has dominated global demand for the yellow metal. In this infographic, we look at India and China specifically to see why demand keeps expanding in the East.


Source: Visual-Capitalist


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Fri, 05/09/2014 - 20:15 | 4745237 Yen Cross
Yen Cross's picture

  MOAR silver! No element is ever lost. It just changes perception.  " TRUTH"

Fri, 05/09/2014 - 20:22 | 4745256 somecallmetimmah
somecallmetimmah's picture

Hey, aren't you the guy with the 'tank-ass' sister?

Fri, 05/09/2014 - 20:25 | 4745261 Yen Cross
Yen Cross's picture

 I am?

 Welcome to Mc Yen Sir.. would you like some Mc. Lung nuggets with your slider?

Fri, 05/09/2014 - 20:37 | 4745291 philipat
philipat's picture

And with the compliments of The Fed, they are able to buy all the gold they want at less than half its real value. So afr. Next, China and India will tell The Fed what is the price of physical Gold.

Fri, 05/09/2014 - 20:43 | 4745309 SafelyGraze
SafelyGraze's picture

every time you give a silver eagle to one of those graduating seniors, an angel earns its wings


Fri, 05/09/2014 - 20:49 | 4745327 Cpl Hicks
Cpl Hicks's picture


Fri, 05/09/2014 - 20:55 | 4745339 Yen Cross
Yen Cross's picture

 Bigtime!  You know why?   I already know you know the reason!


Fri, 05/09/2014 - 22:03 | 4745443 Gaius Frakkin' ...
Gaius Frakkin' Baltar's picture

Well there's no space shuttle anymore and the USSA is becoming a second rate power in space travel, so maybe that will lesson some demand.

Fri, 05/09/2014 - 22:44 | 4745507 Save_America1st
Save_America1st's picture

It's been 5 years since my self-awakening...nobody I personally knew was all via the internet and primarily ZeroHedge and Turd Ferguson...I shit you not.  I'm an original Watch Tower Turdite and that's when I finally was able to connect all the dots. 

Props big-time to ZH and TF and then all the other people, websites, podcasts, etc. that I began to utilize which fully awakened me.

It was like Neo in the Matrix before that.  I knew something was wrong.  Shit was not fucking right at all.  But I just didn't quite know what the fuck it was until I stumbled onto ZeroHedge and quite literally everything else started falling into place for me like the proverbial domino effect.

I'd like to say that as of 2 days ago I have awakened and converted 5 people over these years.  5. 

5 people.

I've tried to speak to what's going on over all these years to most likely 100 people.  I've woken up and seriously converted 5.

I'm proud of that.  For all the frustration in that I haven't converted every single one of them or not even half of them or even 10 percent of them, I'm still very proud that I have 5 confirmed people who now have been or are now going to be consistent phyzz silver stackers, bitchez!!!

It...ain't...easy.   People don't want to listen and even if they kinda do listen (as I'm sure you all know) it's even more rare that any of them actually commit a little bit or full-on like I have.

But so far.......5.

Keep trying, folks.  And keep stacking.  5 out of maybe 100 I'll take.  It's better than none, and I at least I know I've helped 5 people.  And many others might eventually come around one day.  Everyone has their path to take, and we all can make a difference in waking people up.

Have a great weekend and lets all stack some fucking Ag on Monday, bitchez!!!!!!  YEAH!!!!!!!!!

Fri, 05/09/2014 - 23:04 | 4745532 Pickleton
Pickleton's picture

I got laughed at by my 2 best friends when I tried talking to them.  More chuckle than gut laughter, but ya, stack on bitchez!

Sat, 05/10/2014 - 05:27 | 4745761 Oracle of Kypseli
Oracle of Kypseli's picture

Gold and silver are eternal. No matter the price.

Sun, 05/11/2014 - 17:13 | 4745767 Supernova Born
Supernova Born's picture

"Cash" for gold.

The clarion call of the end.

If you give a rip about your family and friends send them a link to a linear chart of the DJIA and include a wiki link to the closure of the gold window in 1971.

If they fail to take action? Darwin awaits.

Sat, 05/10/2014 - 09:42 | 4745896 messymerry
messymerry's picture

????? ???????; ?????? ?? ???????? ?? ????? ???;  ;-D  Too funny, I wrote in Greek:  Are you Greek?  Do you know what my name means?, but the system does not recognize the Greek character set...  Yasou!

Sun, 05/11/2014 - 07:52 | 4747756 Doña K
Doña K's picture

She looks Hawaiian

Fri, 05/09/2014 - 23:48 | 4745593 Curiously_Crazy
Curiously_Crazy's picture

I'd like to say that as of 2 days ago I have awakened and converted 5 people over these years.  5.

You're doing well. I've managed only 4 over the last decade but I sort of gave up a little while ago. I honestly just got to the stage of thinking "fuck em" because of the emotional and time investments required. I'll still point things out, but in the past if a persons retort was "but but but look at the sharzes" or something simililar I would counter that and continue to counter their counters, but now I just can't be bothered... it really does get draining - so much so that it's easier to let people think they scored a win in an argument than carry on with it.

Sat, 05/10/2014 - 02:36 | 4745711 StychoKiller
StychoKiller's picture

Tell'em to search for "Mandrake Mechanism,"  if they still aren't curious after that, well there's little hope for their benighted soulz...

Sat, 05/10/2014 - 08:53 | 4745860 SuperRay
SuperRay's picture

I'd like to see the correlation between people who laugh at the idea of owning gold and the idea that 9/11 was an oligarch takeover of the government.  I expect it would be in the 90's.  I've had people tell me "if it's true I don't want to know."  The most annoying are people who should know better - 'scientists' - who refuse to even look at the evidence.  As tyler says, they're gonna get just what they deserve..

Sat, 05/10/2014 - 18:03 | 4746837 Uchtdorf
Uchtdorf's picture

A friend of mine was trying to get a couple he knows to just store a little food. The response to his efforts? The lady actually said: "We don't need food storage because my husband and I don't eat that much."

Sat, 05/10/2014 - 18:32 | 4746877 PhysicalRealm
PhysicalRealm's picture

To SuperRay, doubting a correlation between PM buyers and 9/11 truthers...  WTF???   I know quite a few people IRL who both stack and _know_ 9/11 was a scam.  No clue why you would think truthers and stackers aren't the same people.  ???

Sat, 05/10/2014 - 08:48 | 4745858 DanDaley
DanDaley's picture

I told my wife in our last discussion about this "gold-buying thing" that I was going to have her sign a statement saying that she had been duly informed numerous times about the very steep down-side of not having 5-15% of our stash, at the very least, in gold and silver. I said it is no absolute guarantee of anything, but it is a relatively inexpensive way to cover a lot of bases.


Talking to friends and relatives about this is kind of like that old biblical saying that a prophet is never recognized in his own home town -people think that you can't possibly know anything because you are, well, just good old Bubba, and what the hell can he possibly know that I don't know. 

Sat, 05/10/2014 - 00:02 | 4745607 DoChenRollingBearing
DoChenRollingBearing's picture


Nice!  MAYBE I've helped ONE to buy...

Sat, 05/10/2014 - 06:18 | 4745774 The Navigator
The Navigator's picture

For me, I awoke in the year 2008 and I bought 2 krugerands for $750 each.

Unfortunately, for all my rantings, I've convinced 0 of the coming collapse.

Although I've found a number of brothers and sisters that have reassured me that I'm not alone and not insane.

Sat, 05/10/2014 - 09:29 | 4745888 EINSILVERGUY

I'm embarassed to say that it dawned on me in 2008. I say this because I have a Finance degree and spent 2 years working for a Big 8 brokerage house (now deceased) and then 5 years as a financial analyst for a S&L bank.  I should have learned earlier but like most people got absorbed with trying to chase the dying american dream.  I knew Obama was a marxist and like most people really thought this country got off track after 911.  The progressives have been ddestabilizing this country for the last 100 years but it was only after I read "The Creature from Jekyll Island" and found ZH that I awoke. those were my red pill moments and made me realize how much of a dumb shit I was for not seeing this sooner. Good news is that I am far along in my goals and have been preaching the gospel to friends and family. Convinced the wife , brother in law and 2 friends. Being informed and referring them to people like Griffith, Schiff, Sinclair, Maloney and Bass has helped them to see what the main stream media won't.  I made my family and friends watch "end of the road" . It made a difference.  Now we no longer call ourselves Republicans and realize the US is now an oligarchy. Best 5 minute video I have ever seen is George Carlins take on the "American Dream". Never saw eye to eye on most things but he was spot on

Better late than never

Sun, 05/11/2014 - 19:44 | 4749232 rocker
rocker's picture

I was going to give you a down arrow until the end where you confirm to yourself, we no longer call ourselves Republicans and realize the US is now an oligarchy. You see, while you have a distaste for Bambi you do recognize he alone is not the problem, it's "big money" who runs the show. Americans vote does not matter if all don't vote. Politicians really don't want everybody to vote. Because it destroys oligarchies. It's the real voice of the masses they fear most. Our full demise is already determined because of No Campaign Reform. Big Money now owns ballot box. Big Money can now brainwash the few voters who do with unlimited dollars requardless of party. The Supreme Court had been bought out for Big Money's agenda. Journalism is Dead. Voice of the People, dead.    

After 9/11, (never let a good crisis go to waste), it was the Republicans who gave us a Homeland Security, the Patriot Act, phone tapping and the longest War in U.S. history. A war that really had nothing to do with 9/11. And another War that may have had a little to do with it, Afghanistan. Think of all the money that went down that shit hole.  Afghanistan is also partly reponsible for the Soviet Union's demise. In which, they are rebuilding now. While we are still pumping money in the shit hole. At least Reagan had sense enough to cut and run, but his party has been bought out by the military complex which owns them now. Yes, we are voiceless on both sides.

Sat, 05/10/2014 - 00:37 | 4745643 Greenskeeper_Carl
Greenskeeper_Carl's picture

ive had 2. it would be three, but my dad, after probably a year of me telling him to put some money into it, did finally buy some. unfortunatly, after doing a little research and seeing how undervalued silver is relative to the dow/S&P, and the gold/silver ratio, he bought SLV, not actual silver."no one can break into my house and steal my stock portfolio, and no, im not buying a huge safe and putting it in my house" So i count him as half, so ive gotten 2.5. hopefully the old man will come all the way around one day

Sat, 05/10/2014 - 05:02 | 4745751 Wile-E-Coyote
Wile-E-Coyote's picture

My experience; most don’t want to be saved; they know something is wrong but can’t be bothered to find out more. I agree trying to enlighten friends is like an impossible task, they think you have gone a little odd.  Strangers are easier to persuade if they will listen. My wife is on side and I encourage my kids to do their own research, after giving them some guidance.

Sat, 05/10/2014 - 08:31 | 4745846 BigJim
BigJim's picture

People are terrified of waking up. If they understood what was wrong, they'd either have to act, or admit they're serfs.

The illusion of freedom is far more comforting than the knowledge of reality.

Sat, 05/10/2014 - 06:00 | 4745771 cocky roach
cocky roach's picture

Nice work. Every person we wake up has the potential to wake others up, so I think 5 is a very good number.

I've been awake for a little over a year and have managed to really wake up 3 people and I have partially awoken several others. I'm still working on it.

Sat, 05/10/2014 - 08:45 | 4745856 Stuck on Zero
Stuck on Zero's picture

In the West it's hopeless.  Women used to accumulate gold jewelry.  Now they accumulate Silicone.  A number of polls have shown that women see more value in plastic surgery than in gold.  Good looks can attract rich guys, make you popular, and lead to better career options. 


Fri, 05/09/2014 - 23:16 | 4745549 Oh regional Indian
Oh regional Indian's picture

All this gold story hides the real story, which is silver.

Silver was what was stolen from the chinese by the brits, not gold.


In Hindi, the word for Gold, Sona, literally translates to going to sleep. 

If someone wants to say that something great happened, especially financially.... they say "I got Silvered", literally.

That is real history, the hints in the language....

Gold in fact has the curse of midas attched to it. 

Silver is the ticket....


Sat, 05/10/2014 - 08:33 | 4745847 BigJim
BigJim's picture

 In Hindi, the word for Gold, Sona, literally translates to going to sleep. 

If someone wants to say that something great happened, especially financially.... they say "I got Silvered", literally.

Interesting stuff, ORI.

But - to paraphrase one of the Establishment's favorite Sodomites: a silver investor can go broke sooner than the market can become unmanipulated.

Fri, 05/09/2014 - 20:56 | 4745342 IndianaJohn
IndianaJohn's picture

Done it. Now I'm just waiting for the angels.

Sat, 05/10/2014 - 00:31 | 4745638 Greenskeeper_Carl
Greenskeeper_Carl's picture

i give an ounce to the little ones in my family every b-day and christmas, and every dollar our family gives us for my infant son buys silver as well. he will have quite a stack by the time he is old enough for me to actually give it to him(could be 15, could be 25, just depends on his maturity level)

Sat, 05/10/2014 - 06:38 | 4745784 The Navigator
The Navigator's picture


I do the same, hoping to instill some knowledge of the history and value of REAL money.

Perhaps I need a better sales pitch.

My reward is "crazy Uncle Charlie" and his silver coins thingy.

I will not give up.

Fri, 05/09/2014 - 22:06 | 4745447 HardAssets
HardAssets's picture

If the demand was so high, the price wouldn't have been going down the last couple of years.



Fri, 05/09/2014 - 22:49 | 4745513 old naughty
old naughty's picture

Good question.

If demands are so high, and PTB "permit" {B}RIC to own them, at rigged lower prices, you'd think something's afoot, no?

Sure, many of us "know" their planned collapse...But really, us sheeples?

There's another hand stirring, invincible, calculated, dark, no? 

Fri, 05/09/2014 - 23:28 | 4745569 Al Huxley
Al Huxley's picture

They're not selling their private gold, they are almost certainly adding to their private collections after each panicky midnight dumping of futures contracts.  The gold their selling is western government gold - they're essentially selling their own countries into debt servitude, under widespread media complicity and government cover, and when the shit finally hits the fan and the USD is displaced as the reserve currency, THEY'RE going to be fine, and its the population at large that's going to be well and truly fucked, and its they lying duplicity that makes them the worst kind of traitors, not the fact that they're getting their own share, but that their willfully and intentionally doing it by destroying their own nominal countries.

Fri, 05/09/2014 - 23:45 | 4745589 Yen Cross
Yen Cross's picture

 Keep -up the good duplicity.

Sat, 05/10/2014 - 00:07 | 4745612 DoChenRollingBearing
DoChenRollingBearing's picture

 Al Huxley wrote

"...THEY'RE going to be fine,.."

Yes sir, that is completely right.  THEY will be fine, the 99% will be screwed.

Puts all us Physical Gold Advocates into a new perspective, no?  Silver and platinum are OK too.

Fri, 05/09/2014 - 23:52 | 4745598 UselessEater
UselessEater's picture

TPTB behind the Anglo-American alliance are done with us, we've served our purpose. The globalist PTB serve no nation and do not want nations. The BRICS are presently useful to 'finally' overpower the hollowed out West which has been working to destroy itself, we're sleep walking into a planned collapse. So many indicators and warning lights complimented by many more distractions and false flag issues; a calculated perception of invincibility because most can't detect therefore grasp the real threat and so obsess about the useful distractions that are prepared for launch as the situation dictates.... planners are calculating and prepared for contingencies. Eventually it will be convenient for the pendulum to be swung the other way; but for now its our turn. if we go along with it

Sat, 05/10/2014 - 00:08 | 4745614 DoChenRollingBearing
DoChenRollingBearing's picture

+ 1


Your comments last night on the (lack of?) marriage thread last night were most excellent.  I look forward to seeing more and more.

Fri, 05/09/2014 - 23:22 | 4745559 Groundhog Day
Groundhog Day's picture

the 1.5 billion chinese and 1.2 billion indians must be barbarians chasing after a relic.  They need to become civilized and make proper investments in Fiat, paper stocks and derivatives.  

Sat, 05/10/2014 - 07:42 | 4745810 Bokkenrijder
Bokkenrijder's picture

I have a question: if the chinese are soooo bloody smart by suddenly switching to buying gold, then why have they build all those empty cities? Why were they so stupid by having invested trillions in useless US bonds? Why do they need to fake economic statistics? Why are a lot their local companies on the verge of bankrupcy and constantly need to ne bailed out?

Trust me all you China lovers out here: the Chinese can only think INSIDE the box! All their economic experiments in the past (The Great Leap Forward") have ended in tears, and it looks like the current economic experiment (started to keep a restless population 'fat, dumb and happy' after the 1989 student uprising) will end in disaster as well. The only things the Chinese are good at is 'copy-pasting' the same successes AND mistakes that we make in the West as vitrually nobody in China is able to think for themselves.

The second point I'd like to make is the so called Middle Eastern 'demand' for gold. Anyone who has ever been to a Middle Eastern gold Zouk knows that most buyers AND sellers are Indians. When I was in DXB (Dubai airport) about one month ago and I wanted to buy a 1 TrOz Nugget, they were going to charge me $200 (!) over spot as a commission. When I explained to the sales lady that I only pay roughly €60 ($80) over spot here in Europe, she just shrugged. I used to buy gold coins in DXB many years ago, but since the Indian import taxes and resrictions, premiums in DXB have gone through the roof.

Sat, 05/10/2014 - 07:47 | 4745817 FredFlintstone
FredFlintstone's picture

The Chinese we see here are the cream: grad students and their off spring. Even they are not all that brilliant. I worked for two Chinese (PhD, and MS in  engineering). They worked hard when it counted, but could not plan for shit. They admitted as much and made jokes about it.

They government made all of the big decisions for them early in their adult years.

Sat, 05/10/2014 - 08:09 | 4745827 Bokkenrijder
Bokkenrijder's picture

Exactly Fred, that's my experience as well when in China. I work in the airline industry and despite a HUGE amount of infrastructure (runways, terminals etc) the Chinese can only handle a fraction of the capacity that we can deal with here in the West. The bureaucracy is enormous, the wastage is even bigger yet nobody offers any constructive critisism on how to improve things because that would mean "loss of face" for the people in charge.

Unlike what most China/Asia bulls like Jim Rogers and Peter Schiff tout, there is NO entrepreneurial atmosphere in Asia in general, let alone in a communist planned economy like China. People get educated in a system that sees faillure as a loss of face, so people just stick to what's safe and don't stray outside the white lines. (except when driving, because they can't drive!)

People are like numb slaves (from the taxi drivers to the hotel receptionists, to the airport managers), capable only of following orders from above, and those people with real decision power have no long term planning or interests, except for filling their own pockets and transfering their assets abroad a.s.a.p.

Sat, 05/10/2014 - 08:16 | 4745834 FredFlintstone
FredFlintstone's picture

Yeh, I help these people build their business from 8 to over 30 before getting frustrated and quitting. The whole "face" thing was very hard for me to figure out until near the end. Holy shit, the driving! Think about it. We learn to drive at 15 to 16 or eaven earlier if you grew up in the country on a farm or something. My old bosses arrived in the US when they were in their 30's. Kind of like there is an optimum "window" to learn a language, there is also one for learning to drive. These people would just stop in the middle of the raod of they got confused.

You know the people who will just stop on a busy sidewalk or in a crowded mall and not think to get out of the way? Well these people do it on the roadway in a car.

Sat, 05/10/2014 - 09:04 | 4745843 Bokkenrijder
Bokkenrijder's picture

"You know the people who will just stop on a busy sidewalk or in a crowded mall and not think to get out of the way? Well these people do it on the roadway in a car."

Hahaha! True! I've seen it on a 6 lane highway in Shanghai! A person missed the exit, so they just stop in the outer left lane, pull into reverse, and back up. And all that during rush hour of course!

Have you also noticed how they are not able to maintain an intermediate throttle setting and drive a constant speed? In my company we call them "digital drivers" because you get gently rocked back and forth by the constant varying the throttle between on and off.

When there is any air disaster (Asiana crash in San Fransisco or more recently the disappearance of MH370) or a ferry that sinks in Korea, you see a perfect example of the Asian culture at work: complete gridlock and 'deer caught in headlights' panic. Lot's of generals with lot's of stripes and decorations, lot's of important looking people, yet none of them are able to plan a piss up in a brewery. Asians can not deal with ANYTHING that is outside the box, i.e. something that has not been planned, regulated or preconceived, so I really really really do not see how they will come out on top if there is any major economic collapse or systemic breakdown.

Sat, 05/10/2014 - 09:55 | 4745908 ltsgt1
ltsgt1's picture

Most of what you stated are true and that is why I'm still holding more dollar than PMs. However, the innovative Roman was not defeated by unsophisticated savages, the destruction came from within.

Sat, 05/10/2014 - 16:20 | 4746151 Bokkenrijder
Bokkenrijder's picture

Good point ltsgt1, that the Roman collapse came from within, but did we see the Germanic, Celtic or Nordic tribes immediately take over from the Romans as their empire collapsed? Nope.

What followed was a looong void, the Dark Ages, The Crusades, the Plague and it wasn't until >1000 years later, during the European Renaissance and Enlightenment that some of Rome's competitors started to make a name for themselves in the form of the English, the Dutch, the Spanish, the Portuguese and the French colonial empires. 

Nevertheless, it was the remnants of the former Roman empire like Venice, Lombardia, Genoa and Florence that still had a large power basis, great intellectual and artistic talent (Da Vinci, Michelangelo, Marco Polo etc) and enormeous wealth and were able to greatly influence the world (Columbus, and again Marco Polo) in which we live today.

Maybe the present USA empire will also 'downsize' but with remnant areas of wealth and commercial creativity like New York and Silicon Valley. It never goes up in a straight line, but neither does it go down in a straight line. Look at the former Sovjet Union. It collapsed, recuperated and is now in the process of regrouping.

Fri, 05/09/2014 - 20:16 | 4745245 JuliaS
JuliaS's picture

I wish I could afford as much gold as someone living in a 3rd world country.


Fri, 05/09/2014 - 20:44 | 4745310 NoDebt
NoDebt's picture

You don't need the /sarc.

There was an article on ZH a few months ago explaining how China accumulated so much gold in such a short period of time without sending the spot price to the moon.  The long and short of it is that the "big boys" (primarily central banks) are moving a TREMENDOUS amount of gold west to east without affecting the spot price at all.  Their transactions are NOT done on any market, and the currency effects are offset with derivative products.

Sat, 05/10/2014 - 00:11 | 4745617 DoChenRollingBearing
DoChenRollingBearing's picture

I am happy to pay the $1360 (or so, Gold Eagle) price for an ounce of gold when I have the money.  It is the best way I know of to spend and save at the same time.

Sat, 05/10/2014 - 10:37 | 4745924 Haole
Haole's picture

An open-minded guy like yourself might want to happily consider buying some BTC here.  

Gold has been, and will be, nothing but dead money for years compared to BTC.  Down vote me all you guys want, it's fact as of yet. 

BTC is bottoming here, the massive wedge has resolved strongly to the upside, the news and developments coming out of the ecosystem are ultra-bullish. 

If you have a nice "insurance policy" already it could well be an opportunity to actually increase your wealth instead of investing exclusively in the most manipulated and controlled elements on earth at this time. 

Sat, 05/10/2014 - 14:12 | 4746361 anticultist
anticultist's picture


I have no way to understand or analyze bitcoin,

I do have 1 bitcoin paid higher,

I do have in mind to average into a litte more.


I can wait for a better technical signal like breakout of the downtrend

on volume, then retest the down trend line. I would also like to see one

more low volume low, a lower price with lower volume, then positive volume.


I am watching it casually.

I imagine it's role will be in currency and system failures.

Sat, 05/10/2014 - 15:51 | 4746610 matrix2012
matrix2012's picture

Here's the said ZH article:

Curious how China imported a record amount of physical gold in 2013 without in the process sending the price of gold to new record highs? Here is the answer...

Fri, 05/09/2014 - 20:24 | 4745259 somecallmetimmah
somecallmetimmah's picture

It's remarkable. Never thought I'd see silver <20$ again. If gold goes under $1,000, I'm maxing out the credit cards & burying that shit in a national forest.

Fri, 05/09/2014 - 22:11 | 4745456 HardAssets
HardAssets's picture

I'm selling stuff that I no longer use and which is taking up storage space. (Including a car).

Will buy PMs and see what happens in the next few years. At minimum, I did some needed spring cleaning and cleared up the clutter.

Fri, 05/09/2014 - 20:25 | 4745260 kito
kito's picture

how bout some stats on how much gold is sold

Fri, 05/09/2014 - 20:32 | 4745279 DirkDiggler11
DirkDiggler11's picture

Come on Kito, nobody ever sells gold. That why all of the cheap strip mall stores that advertise "We Buy Gold" always have empty parking lots.

Sat, 05/10/2014 - 00:12 | 4745618 DoChenRollingBearing
DoChenRollingBearing's picture

That has been the trend over the past, what, three years at least. Only people in desperate straits now sell their gold.

If they have any...

Sat, 05/10/2014 - 10:49 | 4745936 Haole
Haole's picture

Or people who sold some  back when to buy BTC and realize thousands of percentage points in profits, real purchasing power, as opposed to holding too much dead money for the time being.

Then again, insane profits are only valid and recognized on Zero Hedge if they come from gold, silver or doom.  Laughable really.

Fri, 05/09/2014 - 20:26 | 4745263 kurt
kurt's picture

I wish I could afford as much gold as they used in these graphics.

Fri, 05/09/2014 - 20:27 | 4745265 ebworthen
ebworthen's picture

I've run out of money to buy Gold, but that's because I live in the U.S.S.A.

Fri, 05/09/2014 - 20:52 | 4745333 IndianaJohn
IndianaJohn's picture

Then do the "Next Best Thing"


Fri, 05/09/2014 - 20:30 | 4745271 DirkDiggler11
DirkDiggler11's picture

With copper mining / production grinding to a half due to copper's recent price drops, the main byproduct of copper mining, silver, will also see diminishing supplies. With record sales of ASE's at the US Mint vs declining silver production, something has to give.

Fri, 05/09/2014 - 20:46 | 4745318 IndianaJohn
IndianaJohn's picture

The "give" will come from you, if you want to own silver in your hand.

Fri, 05/09/2014 - 20:33 | 4745280 logicalman
logicalman's picture

Beaut graphics!

Whoever did this should investigate 3D graphics - specifically Blender.

Fri, 05/09/2014 - 20:38 | 4745294 InvalidID
InvalidID's picture


 Gee you guys telling me that most of the gold went to the 2 countries that make up the bulk of the world population? Specifically now that those same people have money? Wonder of fucking wonders.... Who bought the most pork? Rice? Holy shit, the same people?!!! It's the end of the world~!!!

Fri, 05/09/2014 - 23:32 | 4745574 Al Huxley
Al Huxley's picture

Right now they're still pretending that the USD has some value - see how you feel about our banker masters essentially giving away our reserves for their private benefit when India and China call start the shots on what constitutes valid payment for oil.

Fri, 05/09/2014 - 20:41 | 4745304 Bemused Observer
Bemused Observer's picture

I really like gold. No, seriously, there's something about it that feels comforting, just knowing you have some. I'm not saying take out a loan to buy it, don't even buy it retail. With prices feeling so low now, a lot of people aren't careful. You can get a surprising amount of 14k, 18k jewelry for next to nothing at yard sales...

It's not gonna get you through the apocalypse or a Mad Max scenario. If things get THAT bad that gold will get you killed before it buys you anything. Don't even let anyone know you HAVE it unless you're 250 pounds of mutant muscle with a gun.

But if things get 'hinky' but are still functioning in some way, small amounts of gold might be the key to some kind of liquidity...enough to get you what you need. It has had fairly stable value over many centuries and many economies. It is the only thing, other than silver, that has been able to segue between economies with relative ease.

It kind of frosts me that there seems to be an organized effort to demean and denigrate gold. In favor of what? Well, their various paper of course! Fiat, certificates, derivatives on every fucking thing under the sun. Here's what I think. I think TPTB are afraid that people will go to gold as a safe haven (as they have done historically) thus exposing the weaknesses and true worthlessness of their paper. If gold prices start spiking, it sets off alarm bells. So they have to keep it low so people only see value in the paper markets. They make it seem like the physical gold holders are a fringe group of prepper-types who bury it in coffee cans in their backyard. They see gold, and it's unquestioned value and history, as an affront to their little created world of bubbles where THEY determine value, not the market.

Fri, 05/09/2014 - 20:57 | 4745345 Yen Cross
Yen Cross's picture

  It's ok to like the 'inerts' and some hard crystals along the way. The art world is OK to.

   I'm in beaner mode, so the IRS doesn't catch me.

Sat, 05/10/2014 - 00:17 | 4745623 DoChenRollingBearing
DoChenRollingBearing's picture

Yen, you are a gem!

Shine on!

Fri, 05/09/2014 - 21:06 | 4745358 Miffed Microbio...
Miffed Microbiologist's picture

Well actually I've had this on going fantasy with my 820 credit score to take out a 500k loan,buy gold, fake my death and disappear.

Mr Miffed prefers other fantasy role playing unfortunately and keeps me distracted. I'm not sure I'd this is good or bad.


Fri, 05/09/2014 - 21:09 | 4745360 FredFlintstone
FredFlintstone's picture

Put another couple hundred grand on credit cards. Then disappear.

Fri, 05/09/2014 - 21:20 | 4745389 NoDecaf
NoDecaf's picture

Take a sudden interest in sailing or photography and dark tourism. A trip to South Sudan should do the trick.

Fri, 05/09/2014 - 22:08 | 4745452 directaction
directaction's picture

That's one solid plan you got there, bub. 

Fri, 05/09/2014 - 23:18 | 4745551 Pickleton
Pickleton's picture

"fake my death "

lol, where would one start with that?  Similar boat but never thought of going that direction among my many disappear fantasies.


Fri, 05/09/2014 - 23:42 | 4745583 bunnyswanson
bunnyswanson's picture

A Mt. Everest and K2 climb perhaps.

Sat, 05/10/2014 - 00:19 | 4745626 Pool Shark
Pool Shark's picture



Jump off the roof of St. Barts.

[Worked for Benedict Cumberbatch...]


Sat, 05/10/2014 - 00:20 | 4745627 DoChenRollingBearing
DoChenRollingBearing's picture


You wrote: "where would one start with that?"

There are special services companies in Brazil, Mexico and the Philippines that will arrange a fake death for you (and put it in te papers, etc.)

No, they do not kill you...

Sat, 05/10/2014 - 00:56 | 4745659 Miffed Microbio...
Miffed Microbiologist's picture

You know Dochen, I've really come to realize I am among friends when so many have given me such good advice how to effectively kill myself. ;-)

(Raising my glass of Glenlivet) To ZH, Dear Friends and Scotch. Thanks for so many years being in your company. I am so happy to have found knowledge, laughter and clarity from the eccentric, rugged individuals that grace these threads. It is truly an honor.


Sat, 05/10/2014 - 01:03 | 4745662 DoChenRollingBearing
DoChenRollingBearing's picture

Zero Hedge is one of the best playgrounds in the world.  Especially for adults!

Fri, 05/09/2014 - 23:38 | 4745578 Yen Cross
Yen Cross's picture

 How's the other 1/2 Miffed?

  Sorry If I'm pushing.

Sat, 05/10/2014 - 00:24 | 4745631 Miffed Microbio...
Miffed Microbiologist's picture

He's giving me the " haven't you had enough ZH yet so you can come to bed and see to my needs" look. I'm pretending I don't notice but that never works very long.

Oh crap, he's in the liqueur cabinet now. Time for the big guns and a sure fire path to a Happy Ending. ;-)


Sat, 05/10/2014 - 00:56 | 4745658 Yen Cross
Yen Cross's picture

   He's not receptive to Z/H Miffed? I think we're dealing with an highly intelligent female that's frustrated.


Sat, 05/10/2014 - 01:06 | 4745665 Miffed Microbio...
Miffed Microbiologist's picture

Actually, I have really turned him on to it. However, he does seem to have a definite preference to carnal over intellectual pursuits. Claims it's medicinal. I have asked for the scientific references to this assertion and they are always forthcoming. I'm starting to wonder if I have,yet again, been duped.


Sat, 05/10/2014 - 00:50 | 4745652 Yen Cross
Yen Cross's picture

    Miffed, diluting and lying are (2) different things.  When I have Children they will be "Home Schooled".

Sat, 05/10/2014 - 01:00 | 4745661 Miffed Microbio...
Miffed Microbiologist's picture

Smart boy. I wish I had been so enlightened. But they were lucky to have a mom that could deprogram faster than they could be programmed. Most frustrating for for the school really.


Sat, 05/10/2014 - 01:52 | 4745690 MeelionDollerBogus
MeelionDollerBogus's picture

Curiosity: far as I can tell all sorts of credit is revolving & unsecured, so just wondering, if one had it & used it, didn't pay it, there's only potential hits to one's credit, right? So let's say perhaps some gold, silver & a poorly maintained used canoe with a ZH carved into it were purchased, and no payment was made, just how sweet would that have to be to justify the change to the credit score? I don't even use credit so for me to do that even once & return to my life of "I don't use credit" would pretty much make me frown like a cheshire cat.

Fri, 05/09/2014 - 20:57 | 4745343 lasvegaspersona
lasvegaspersona's picture

Jewelery is China is not really as we think of it here in the USA. It is purchased with a keen eye to weight and putiry. It is often sold by the gram in China and there maybe a mark up if it is exceptionally well done. Mostly these sales can be viewed as bullion gold for savings purposes. Of course that is not the message we are supposed to hear. We are supposed to hear: 'oh those crazy Chinese and Indians, they blow all their dough on earings and imprudent.'

Sat, 05/10/2014 - 00:24 | 4745629 Pool Shark
Pool Shark's picture



Crazy like a fox.

What's more likely to gain the attention of TSA/Customs: a stack of Gold Eagles or a few fat gold chains with matching bracelets and earrings?


Sat, 05/10/2014 - 07:01 | 4745791 negative rates
negative rates's picture

The fox that growled like the boy who cried wolf.

Fri, 05/09/2014 - 21:07 | 4745359 Modern Money Me...
Modern Money Mechanics's picture

Gold for Oil - an Explanitory Device for the Current Financial Crisis

Details of this story are lengthly and contain plausible conjecture (see links below);nevertheless, its ability to integrate otherwise incongruous events is appealing.
This is the condensed version...

Since paper currency had little value to Bedouin desert nomads, Saudi Arabia has historically requested to be paid (fully or partly) with gold in exchange for oil.
Before entering World War II, America was paid in gold for war goods and subsequently held vast amounts after the war.
So it was not considered a big deal to provide $35/Oz gold for oil from the 1940s until early 1970s.
In 1971 however, the general lack of gold caused Nixon to close the "gold window", that is, the dollar was removed as a stand-in for gold.
Since major Western currencies (including Japan's) were tied to the dollar, that meant that all Western currencies have been floating since 1971.
The USA subsequently entered into an agreement with the Saudi government which stated that in exchange for cheap oil,
there would be implicit military protection provided by the USA and gold, albeit a smaller amount, would be provided with dollars in exchange for oil.

Unfortunately, there was little gold to be had in 1971, but there was also great optimism about mining technology.
So agreements were established that provided the Saudi government with third-party gold while third-parties were guaranteed physical gold from future mine production.
Gold prices rose over the ensuing decades, but in 1979, the price of gold went from ~$300/Oz to ~$700/Oz within a year and settled back into $300 range until the turn of the century.
Gold mining production also jumped from the 1970s through 2000 roughly doubling the amount of world-wide gold that existed before 1970.

Decades later, in 1997, the London Bullion Market Association (LBMA) for the first time released its bullion trading activity and it shook the trading markets to see a high volume of gold traded daily.
From 1997 through 2011 the price of gold rose until it reached $1,800 per ounce as the markets traded more and more gold.

Meanwhile, Western governments continued to engender (create through fractional reserve lending and outright printing) more and more paper currency over the decades.
For example, the USA M3 dollar currency supply doubled five times since the 1970s (see table below) and US public/private debt expanded from $1 trillion in 1964 to $57 trillion in 2013, an increase by a factor of 50.
All things being equal, as the amount of paper currency continued to increase the price of gold should also have increased in a similar fashion each time the amount of currency doubled.
Even though the supply of gold has doubled since 1970, if one simply compares the ratio of dollars/debt to gold in 1970 and again in 2013, a comparable gold price would be ~$55,000/Oz.
But the price of gold has not increase because it is in the interest of the US and other Western governments to suppress the price of precious metals to
continue the illusion of sound money as the Western population become poorer and poorer at ~5%/year.

Nevertheless, price inflation is not the core problem.
A financial collapse can be triggered simply by the lack of gold!
Gold payments to Arab countries for oil continued from the 1970s and mining supply helped to keep pace with the need for gold until Asian demand entered the picture over the last decade.
Western governments are now caught between a rock and hard place.
They have to continue to suppress the price of gold, yet poor currency value means that miners are losing money producing gold at spot prices, and worse yet,
there are fewer and fewer viable mines with less and less gold content driving up production cost and reducing yield.

As a result of record world-wide physical gold demand, physical gold shortage indicators are appearing.
Banks are refusing to provide customers with their allocated gold; when gold is provided it is not the same gold that was stored (wrong serial numbers);
gold reserves at the COMEX and LBMA have dropped to historic low levels;
Bank of England shipped tons of gold from its vault in late 2013;
and there are rumors that Saudi gold stock is used to supply Asian demand until future mine production can replace it.
In fact, the consequences of collapse are so terrible that it would not be a surprise to learn that Arab gold stocks have been re-cycled to purchase Arab oil.

So all that is required for a financial crisis is for someone, somewhere, to request enough physical gold that others will not backstop the request and the system collapses.
Why would someone request enough physical gold to trigger a collapse? Because gold's spot price is ~$1,300/Oz but its true value is ~$55,000/Oz.
It is in everyone's interest to keep the system going, but at what point will the risk be too great to backstop a request for physical gold?

Oil, God, and Gold: The Story of Aramco and the Saudi Kings

US Mints Gold Disks for Oil Payments to Saudi Arabia

FOFOA - Think like a Giant - Part Three

Trail Head - Walking the Gold Trail Using the "Thoughts!" of ANOTHER

The Long and Winding Road - Walking the Gold Trail Using the "Thoughts!" of ANOTHER

The Scenic Overview - Walking the Gold Trail Using the "Thoughts!" of ANOTHER

Page One - Foundational Gold Trail Commentary

Page Two - Foundational Gold Trail Commentary

Page Three - Foundational Gold Trail Commentary

Page Four - Foundational Gold Trail Commentary

Sat, 05/10/2014 - 00:15 | 4745622 RaceToTheBottom
RaceToTheBottom's picture

"In 1971 however, the general lack of gold caused Nixon to close the "gold window","

I would think that the issue was not a general lack of gold.  I would think that it was because of a general abundance of dollars in relation to a normally expanding amount of gold.

Sat, 05/10/2014 - 00:26 | 4745633 DoChenRollingBearing
DoChenRollingBearing's picture

Modern Money Me...

The modern pioneers of gold theory.


+ $55,000 or more...

Sat, 05/10/2014 - 04:45 | 4745748 The wheels on t...
The wheels on the bus are going to fall off's picture

Excellent analysis, thanks


This is what Jon Kirby predicts, that this whole thing collapses when the Asians do no there get physical gold. We already know that was is coming out of the vaults is old reserves, i suspect this wont last much longer when India are expected to ramp up there official buying after the May elections. Other central banks are getting involved too. 

Sat, 05/10/2014 - 09:33 | 4745890 ltsgt1
ltsgt1's picture

I think when that moment arrive. The BRICS and other developing nations will create a new banking system similar to the IMF and BIS. The only difference is that trade deficits within that new system will be settled in PMs at the end of the year. Fiat will be just a temporary marker to keep the score.

If the IMF & BIS don't follow or make the change first, they will become obsolete with a 100% fiat back Ponzi scheme.

Sat, 05/10/2014 - 07:07 | 4745792 negative rates
negative rates's picture

The french were paying gold for oil (kerosene) before the civil war and up to around WWII, it came to a heafty amount and is now safely buried in a secret location in PA. 

Fri, 05/09/2014 - 21:16 | 4745379 NoDecaf
NoDecaf's picture

Can we pawn off some of our hoochie mamas and welfare queens after the great reset? American mail order brides could be the next big thing.

Sat, 05/10/2014 - 00:01 | 4745606 Oh regional Indian
Oh regional Indian's picture

They definitely WOULD be the next "Big" thing....too big perhaps?

Of course they could come with their mobility scooters as dowry....

Fri, 05/09/2014 - 21:36 | 4745415 I Write Code
I Write Code's picture

So they buy a lot of jewelry.

Nobody there ever sells?

Fri, 05/09/2014 - 21:42 | 4745424 NoWayJose
NoWayJose's picture

Very few ever sell. The goal is to accumulate and hold, whether for you or for your children.

Fri, 05/09/2014 - 23:33 | 4745575 Al Huxley
Al Huxley's picture

If they do sell its domestic to other Chinese or Indians.  Don't expect it to come back to the west. 

Fri, 05/09/2014 - 21:39 | 4745417 NoWayJose
NoWayJose's picture

Some BS stats from the Ministry of Trade in India claimed gold imports were down something like 77% year over year. Of course, the Ministry of Trade also is responsible for releasing trade deficit numbers, which showed about a $10 billion deficit for April. India is trying to cut that deficit, so the numbers on gold look a bit suspicious. And as with all government actions, once India raised the import duty on gold, the amount of 'official imports' was destined to drop while the amount of 'unofficial' imports was destined to rise - and not be reported.

Fri, 05/09/2014 - 21:59 | 4745438 yepyep
yepyep's picture

getting pretty sick of constantly hearing about how large the demand for gold is while the price of gold says the complete opposite.

i dont doubt that there demand is there though, its just irritating seeing the market manipulated so badly and the purchasing power of the educated and responsible being stolen in the short term.

Sat, 05/10/2014 - 00:51 | 4745654 quasimodo
quasimodo's picture

No shit there, the short term feels more like long term when one longs for at least, some semblance of the real price of metals. Then again, I here over and over don't worry about the paper price, and while this is true it gets real fucking old.

Sat, 05/10/2014 - 01:07 | 4745666 semperfi
semperfi's picture

when in doubt just remember the golden rule:  he who has the gold makes the rules

Sat, 05/10/2014 - 10:47 | 4745965 Bastiat
Bastiat's picture

Tell that to Ghadaffi.

Fri, 05/09/2014 - 22:08 | 4745454 Miss Expectations
Fri, 05/09/2014 - 22:22 | 4745462 AssFire
AssFire's picture

Well, looks like there's a new Mr. T in town...and he's Chinese.

"I pity the fool,.. specially if he don't got no gold".

Fri, 05/09/2014 - 22:25 | 4745475 D-Fens
D-Fens's picture

You may or may not like them, and you may make fun of them, but you aren't going to beat them.

I guarantee that nobody reading this is going to beat 1 billion Chinese and 1 billion Indians who like gold.  They are making the right move, whether they know it or not.


Strange but true.  All things change in time!  Everybody should think back to 1999-2000.  Think of everything that has happened since then.  If you went back and told anyone what would happen, they would label you a raving lunatic let alone a doomer or pessimist.

Sat, 05/10/2014 - 11:01 | 4745990 anticultist
anticultist's picture


On the investment board where I was hanging out, late 90's,


I was calling all this chit out way ahead of the pack. I didnt claim to know how it was


going down, I just new it was being set up.


I was treated like a nut case


and shunned. And then the chit just rolled out, and out, again, more.


All the experts, they kind that are the popularity heros on those boards,


rode 2001 all the way down. I know a lot of paper traders died in 2009, 


interesting they died after it turned back up, maybe only then realizing the damage


done, lost capital, no resource to recover once it turned back up.


So true, if you have a clue to percieve reality, you will not fit in.


Funny, in 2000 was my first gold purchases at around $400.


I couldnt keep it through the economic disasters and divorce


however but it did end up helping me to sell at $800 area.


And I had some silver from $11 and $17 then, helped me to sell at $37 in


the divorce. All things are cyclical financialization socialization trends, action


and reaction of fiction and reality counterforces.


I am just now buying gold again after 2 years of buying silver,


and my first purchase of Pd I am proud of and calaculating if I want


to float a 12 month credit card term for more Pd, because I can, because I


am rigorously budgeted for it and a result of shunning commercial contract liabilities.


Hey, another diversification may be, a report that I saw, the only form of property that never


failed was farmland. But now I think deep pockets of gold will be a precondition to cover various


sovereignty attacks coming through property tax. That is not a risk I want to accept. There may be a day


that nothing will be valuable enough to convert into property tax, but gold.


I am looking to see if there is a farmland limited partnership that I can invest in, yes I


can even do the paper crap for now, and I am forced by statute into the paper crap ( 401k )


so that the metals is an important diversification.


This paper chit will not stand, just a matter of timing. What a gift of timing


we have here to buy some and I say over time cost average, what if it did see $800


in the future, do people have a plan, what will they sell to raise the cash,


I believe in avoiding those commercial contract liabilities to save more


for the unexpected like gold at $800.


Definitely something funny going on the base metals, are banks preparing for a 


commodity backed system, a hybrid commodity and equity currency system?


Fri, 05/09/2014 - 22:40 | 4745503 williambanzai7
williambanzai7's picture

This has to be bearish for gold

Fri, 05/09/2014 - 22:59 | 4745526 Yen Cross
Yen Cross's picture

 Billy, In all honesty, Z/H is painting a different "captcha" picture. 

   I love Tyler. I hope Tyler loves me?

Fri, 05/09/2014 - 23:35 | 4745577 anticultist
anticultist's picture

I like the metals, I even bought 10 lb bags of Canadian Nickels a year ago, something

is funny with base metals going up quite a bit during a global supply gluts. I got the russian palladium coin,

been cost averaging into silver for a couple years, and I mean cost averaging right, I do proprietary

cycle calculations and bought lows just right. Funny how 90% pre-1963 silver coins are the 

same price as new silver now, I bought that much cheaper several times before at $135 to $175 per $10 face

and it is $225 per $10 at lower spot prices, funny wallstreet stuff, funny how coin prices dont

go down with spot. Alot of stuff is funny about all this.

So my cycles don't give me a lot of clarity right now, I am holding back

my next gold buy for June 21. I really dont have any more money to buy that much more and will 

need all of the next month to scrape.

Just saying if June 21 is low, and I hope up a little one time in between first, June 21 is 

a timing point I will look for a low because all my gold was bought right in Dec 2013 and I 

hope for one more low point to buy about June 21. I had just a few british sovereigns bought 

a year earlier at higher spot but the coin price is the same right now, funny, everything is funny.

Higher coin and lower spot.

So I dont regret or fear buying coins, not failed yet. I only had one lot of silver paid higher for

but very diluted now in cost averaging, one mistake was all.

Look for June 21 and maybe that is a lowpoint and maybe the last lowpoint to buy right.

I do a what/if. What if June 21 is low with my cycles, and if I had prepared to do

something with it, like buy.


I do not believe their is any taper ( the belgium bulge ) I believe everything is a disaster and 

they will do more massive stimulous which is all they know, I believe has already started with a conspicous national

increases in credit card lines, loose housing and auto credit standards,

and I believe they always print more in concert with planned crisis ( Ukraine).


Sat, 05/10/2014 - 01:02 | 4745663 disabledvet
disabledvet's picture

This particular brand of Zero Hedge cocksucking faggot bullshitism is so prima facie false I really don't understand why it bears repeating.

What a pathetic excuse for the existence of truth...let alone the appearance of pursuance therein.

Entire NATION States...let alone States and Cities...are on the verge of default (or have defaulted)...and all we have is "gold"?


It's as if equity markets have NEVER existed...let alone do exist and stay "at or near all time record highs."

We really need to start getting real 'round here.

Sat, 05/10/2014 - 01:16 | 4745670 Fred123
Fred123's picture

....and what if owning gold in the coming money reset doesn't matter? What if it's a big red herring?

Sat, 05/10/2014 - 01:35 | 4745681 SilverIsMoney
SilverIsMoney's picture

If anyone is still trying to make up excuses against PMs at this point I don't even know why you're here... Time tested Value. Totally Secret if you want to be. Doesn't Age. Clearly is MisPriced in bad markets. Protests the government. What's there to question here? Who cares what the bogus paper price is? Stack the bloody silver!

Sat, 05/10/2014 - 01:45 | 4745685 q99x2
q99x2's picture

Why Why Why. Because Jamie Dimon and Janet Yellen can't be arrested for selling off the US Gold Reserves. That's why.

Sat, 05/10/2014 - 01:45 | 4745686 NeverForgetSilver
NeverForgetSilver's picture

This number makes me laugh. 1120 tons is the amount China imported from Hongkong alone. So we have to assume that China does not import from anwhere else and it does not porduce any gold either. Is that true?

Sat, 05/10/2014 - 02:10 | 4745700 Mr.Frugal
Mr.Frugal's picture

If you do not like gold you can invest in other precious metals. Here are couple reports how to do so. Casey Research and GoldSilverWorlds have good articles about that ( and

Sat, 05/10/2014 - 05:55 | 4745769 pies_lancuchowy
pies_lancuchowy's picture

if you like your gold, you can keep your gold.

Oh wait. it's unsafe. The Government will help you!

Sat, 05/10/2014 - 07:45 | 4745813 lakecity55
lakecity55's picture

Uhh, it's increasing cause 70% of the world population is there?

Sat, 05/10/2014 - 08:20 | 4745833 mogul rider
mogul rider's picture

Yeah you all woke up alright


Right after you got sucked in by the ZH and TF gold and silver pumpers who handed you their phys at $1900.

Your sitting on a shitload of yellow stuff at 40% losses.


Nice try the BS just keeps on rolling.

See the way I see it now that most fish have left the pond, the pumpers are here again stiring the pot in a slow simmer as the heat gets turned up a touch eveyr week.

Then pow! 7 articles a day as the fish come flying into the gold pool after their 90% netflix bend over.....

man you just don't know who your friends are.

here included

stay cynical and you'll be just fine. The mometn you believe the dicks around here though you're in trouble. There are more pumpers here than CNBC breaking alert.


pooof then they are gone. Like they were in 2011 as you shouted " to da moon".

Sat, 05/10/2014 - 09:17 | 4745878 ltsgt1
ltsgt1's picture

What you cannot understand is that we are living the world of The Truman Show. If you could picture yourself buying stocks, real estate or gold in that world, the prices are all made up by props associates and barely have much fundamentals related to a specific item.

The big boys haven't had to earn their money since 2009. Money was created out of thin air every single month and was given to these TBTF. Their only responsibility is to foster economic growth. However, this economic malaise is not cyclical nut structural. On top of this structural malaise, the US government is paving way for a socialist paradise which makes an almost impossible recovery absolutely impossible.

Under the current environment, what can these TBTF banks do? They created an appearance which is indicative of an economic recovery with trillion of funny money which was bestowed on them regardless of the fundamentals. What I'm trying to say is that, other than food and energy, price discovery in the free market is smothered for now but not dead. True prices of PMs will be revealed at the end of the yellow brick road.

Sat, 05/10/2014 - 08:36 | 4745851 anticultist
anticultist's picture

Yes of course stock markets at a high valuation is confounding,

along with metals universally hated in the US ( I dont know about W.Europe ).

And metals are hated because of tv training and education, and the unique anomolie

that since 1982 basel? the reserve currency was named treasuries, unknown to all, with

years of financialization socialization from the generational training of falling intereest rates.


So I guess these things change and the same ones that didnt see any of it coming,

are the ones that are trained to hate metals, which is practically all of them.

Remembering that 99% cant do anything about it even if they liked metals.


How do I know if metals are the answer and will work, cant and dont, it's a point of

diversification. I just choose for it to be a larger proportion of diversification as I stay

away for contracting into liabilities in order to allocate a larger proportion into non fiction.


So anyway, why are stocks favored? This may get into the sovereignty of "person" legal

fiction. The corporations are the free and sovereign self governing entities which are protected

by the legal fiction. The only true sovereigns. Legal is opposite Law.


Or stocks may be just complete HFT fiction compounding the fictions that there is no other

paper forms of income, and gold is not paying a dividend either, and stocks may yet not end so well,

same as the same tv experts that never saw 2001 or 2008 coming, are the ones that hate gold.




Sat, 05/10/2014 - 08:42 | 4745855 homiegot
homiegot's picture

Bag holders.

Sat, 05/10/2014 - 09:22 | 4745883 anticultist
anticultist's picture


Yes I hate that people could be smarting on lack of undertanding. Some understanding

could have been picked up by listening to C. Fitts, also Armstrong.


But maybe not huring so much, on strength of 90% pre-1963 coins which is what many of

the smaller people did, and they may be laughing all the way out of the bank.


I had the unfair advantage of my cycle analysis to see that gold and silver were weak,

and used it for timing lows just right, and I had the perspective of C.Fitts favoring stocks

which is a mechanism of sucking capital out of other reserves.


All the historic events and trend changes occur in a painful counter move, if the historic trend of 

gold is up and this is a shakeout move from weak to strong hands, is the same way it always works.

Just stay with it, keep cost averaging, ignore all the noise, it is a rare opportunity to find a

down period in 13 years up. And note how it happens in a period of deep despair, when most have

no resources to do anything about it, that too is the way it always happens, weak to strong hands.








Right after you got sucked in by the ZH and TF gold and silver pumpers who handed you their phys at $1900.

Your sitting on a shitload of yellow stuff at 40% losses.


Nice try the BS just keeps on rolling.

See the way I see it now that most fish have left the pond, the pumpers are here again stiring the pot in a slow simmer as the heat gets turned up a touch eveyr week.

Then pow! 7 articles a day as the fish come flying into the gold pool after their 90% netflix bend over.....

man you just don't know who your friends are.

here included

stay cynical and you'll be just fine. The mometn you believe the dicks around here though you're in trouble. There are more pumpers here than CNBC breaking alert.


pooof then they are gone. Like they were in 2011 as you shouted " to da moon".



Sat, 05/10/2014 - 10:56 | 4745957 shovelhead
shovelhead's picture

^ Still bitter about his all-in on Kodak and Fannie-mae.



Warren Buffett.


Nobody loses anything unless they sell it.

So who's selling?

Someone who can afford to lose or can make money on volitility with information.

Or someone whose selling something they don't own.

Sat, 05/10/2014 - 09:10 | 4745868 cabtrom
cabtrom's picture

Gold bubble?

Sat, 05/10/2014 - 11:35 | 4746057 RaceToTheBottom
RaceToTheBottom's picture

Iam expecting a tax specifically for Gold/Silver.  Something in the range of 60%.

That is how I think the US will get you.  Outside the US might be harder to control.

Sat, 05/10/2014 - 19:00 | 4746902 F em all but 6
F em all but 6's picture

If you are worried about the tax, dont convert it into FRN before you spend it.

Sat, 05/10/2014 - 12:24 | 4746147 I Write Code
I Write Code's picture

But, y'know, about silver specifically, I just did the math and ... so say you sell your house for $250,000, convert it to silver, then stuff it in a knapsack along with some survival goods and hit the road on foot, just you and your dog.

It's a nice story, the problem being that much silver weighs about 781 pounds and in rounds would take up about 1.5 cubic feet.  And you still want to bring along a small can of polish.

Sat, 05/10/2014 - 13:06 | 4746205 Rubbish
Rubbish's picture

Anyone who rails ZH is Full Retard. I've never seen them recommend putting all your eggs in a PM portfolio.


Be responsible for your own stupid actions. I've bought PM's twice in this old life of mine. Both times people looked at me like I was nutz, in fact I may be, but fuck u. 1999/2000= Gold $300 stackin Panda's bitch over a kilo and the last 8 months I'm stacking again little at a time. I unfortunately had to pay for a wedding in late 2000 and blew my wad. Stupid? NO, only have one daughter, and I'm a fucking trash man...


Gold Bitchez, she will pop, I fucking guarantee it. /sarc

Sat, 05/10/2014 - 13:37 | 4746260 anticultist
anticultist's picture

I cant see how anyone would be talking about a sum of $250k in silver.

That is a fundamental failure of diversification.


This is the problem with all of these type of discussions and people will not

be sophisticated enough to deal with these things and could make a relative mistake

like buying gold into a surging high.


I probably bought my first palladium in a relative high and have to work a plan to buy

again if it goes down again. In other words I didnt buy all I could or all I planned.


And there is nothing bad going to happen from buying gold an $1900, I just hope someone

didnt do it all at once and didnt leave resources to average in later.


I couple of times I have carried puts against my inventory too. But usually that will lose money

$100 here and there and then you wont do that unique time that it worked.


When I am on the investment sites, I can tell when a swing trade is looming when the

social sentiment leans heavy, it is always opposite the concensus, the masses are always

wrong always trapped in bad trades. Cost averaging and diversificaiton is the better tool.


I saw the sentiment polls in Dec, silver public sentiment was at an absolute lows while

commercials were turning up bullish. And that is exactly when the public's pre-1963 coins

just started working, exactly when the public didnt want them anymore, funny.


I learn from different sources, slowly cause I'm stupid, some sources are just 

the raw truths, like Jesus said, make friends with mammon.

To me this means to coexist, have one foot in each side of reality and cope with what they deal.


This means all things in moderation, in diversification. Their desperate financialization

fictions will probably get alot worse before the end, no telling when.


On Weds I am opening annuity with New York Life, it will actually be a cost average 

income mutual fund until the min for the annuity is met. I have to operate

with one foot in each world, I would call that diversification. All asset classes will not be in

the same phasing, that is a fact. And it will not be in your phasing when you want it and need it.


My major purchases for the last two years was in whole life insurance, not metals.

It's a process of concurrent accumulation of property. I set out after divorce and financial

reset in silver first because it was cheapest, then whole life, then stocks, then gold Dec 2013,

this month my first purchase of Pd,

now an annuity next week in their income paper. I buy a little silver consistently once per month, I cost

average consistently into stocks every paycheck every two weeks using the sharebuilder program

at capital one. I spend very little on their contract liabilities

like car payments, I rent not mortgage because of no property rights. The best property rights I

found are whole life and annuity and those are my two priorities in the paper world. If I have a little

more time over a couple years to keep a job, the brass ring is the ultimate property rights,

foreign real estate. What if my gold really works and ends up being what buys the foreign real estate.

In case my gold doesnt work or doesnt work in time, my first priority is my job.


Generally I want to buying the one that is out of phase, that is when price is better,

getting the exact low is not a reasonable expectation, things in down trends take

a lot longer and go a lot lower than expected, that is what I learned in years of doing this.


So I dont know on gold, I got one low exact in Dec 2013, I dont know if that is the last low,

Jim Sinclair things so, I dont care, I will buy again on June 21.


Sat, 05/10/2014 - 14:47 | 4746439 I Write Code
I Write Code's picture

I think the point I was trying to make (and I'm trying to figure out some of this stuff too) is that silver isn't a very good store of value compared to gold.  So I'd have to say that silver only is considered a good store of value as a backup to gold, sort of by courtesy of gold.  So that if gold is weak, silver is likely to be weaker.  Which is pretty much what we've been seeing.

OTOH I suppose this is also an opportunity, for if (and when!) gold ever gets strong again, silver will probably get strong too, and may actually be the more volatile - so if it's cheap now, it will improve even more than gold!  The multiplier would go down.  So if gold doubled from here, silver might triple, and then at least the 781 pounds would go down to just 260!

I guess what it comes to is if you want to speculate on silver and you're talking six figures or more, it might be better done not with the physical metal.


btw this is just considering the two metals as economic tools.  as physical metals it's just too bad they are so expensive, as almost anywhere we use copper today we'd rather use silver or gold, and except for these monetary uses I'm guessing both metals *would* be much cheaper.  Well, mostly gold, I keep hearing that silver is already down around the cost of extraction, and maybe that's true, and of course the high price of gold is a self-fulfilling prophecy because it justifies mining even the smallest traces that would otherwise be ignored.

Sat, 05/10/2014 - 15:21 | 4746540 Rubbish
Rubbish's picture

Have you EVER heard a Gold stacker call it Junk Gold?



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