Jim Willie - Golden Jackass Information from his April Hat Trick Letter: Physical Gold Premiums will be $500 or more in the near future, Silver 40%. Dealers Sold OUT Now

http://www.libertygoldandsilver.com/GoldandSilverBlog/?p=174

PHYSICAL DEMAND OFF THE
CHARTS!

We are in the midst of experiencing two of the most
radical weeks in the history of the precious metals markets. Paper prices for
gold and silver, those prices determined by the fraudulently managed commodities
exchanges (namely the COMEX and the London Bullion Marketing Association – LBMA)
and regulated by the equally corrupt and complicit Commodities Futures Trading
Commission (CFTC), have been driven into the basement.
Simultaneously, the available physical supplies of precious metals,
especially silver, have suddenly nearly disappeared. Some of the most extreme
shortages for silver in memory have caused premiums for all types of bullion and
coins to skyrocket. Nearly all major wholesalers in the United States, and for
that matter the world, are completely out of stock for smaller denominated
silver rounds and bars, with no projected delivery dates in sight. This
phenomenon is a worldwide event.
Here is a brief overview of the extraordinary world events highlighting the
tremendous surge in precious metals demand.
India
Last week, the highly reputable Business Standard of India reported that
there are “acute” shortages of gold in southern India. Reports the Standard,
“Major jewelry manufacturing centers in southern India are facing an acute
shortage of gold ahead of the wedding season despite the industry’s claim to
have seen a record import of the yellow metal last financial year.”
Thailand
US ex-patriots living in Bangkok are reporting that gold dealers in that city
are completely out of bullion products other than minor amounts of jewelry.
These reports are stating that there is not one ounce of gold bullion
available for sale! Dealers are taking orders but these are limited
to 2.5 ounces per person.
China
Gold demand is surging. China’s domestic gold consumption is outpacing its
internal production 5.5 to 1. China’s mining output was up 5.8% in 2011 but its
domestic consumption of the yellow metal increased by 33%.
Hong Kong
Reports from Hong Kong have seen line-ups out the doors of precious metals
dealers. Dealers are reporting massive buying with almost zero selling. Some
dealers are reporting that they have sold more gold in one day than they
normally do in three months with walk-up clients buying over a million
dollars in gold with cash and taking it out the doors in gym bags!
Europe
Dutch Bank Shuts Down Gold Deliveries
Possible major
shortages of its clients’ deliverable gold has forced Dutch megabank ABN Amro
last month to dramatically change its custodian rules. ABN Amro announced March
24th that it “will no longer allow physical delivery.”
Hysterically, ABN Amro account managers attempted to soothe their clients by
saying, “You need to do nothing” as “we have your
investments in precious metals.”
Major German Auto Manufacturer Hoarding Silver
It is
being reported from Switzerland that a world famous German automaker is now
resorting to storing thousands of pounds of .999 fine silver for perceived
future shortages. The company’s purchasing manager has been quoted saying, “For
some metals, like silver, there’s no such thing ‘just in time’ delivery
anymore.” It has further been reported that this company is buying every
available ounce it can in preparation for severe world shortages.
Switzerland to Buy a Stunning 1,000 Tons of Physical
Gold?
A political movement inside Switzerland has acquired one
hundred thousand signatures towards new legislation to eliminate future gold
sales by the Swiss National Bank as well as to require the Swiss government to
buy back immediately one thousand tons of gold that it already sold. If this
becomes law, it will have a significant impact on tightening world gold
supplies.
United States
16% of US Annual Silver Production Vaporized in Mine
Collapse
A massive landslide at Rio Tinto’s Kennecott mine in Utah,
on April 12, 2013, has wiped out five million ounces of annual silver production
and five hundred thousand ounces of gold production. Taking into account that
the US Treasury requires all US Eagles be manufactured exclusively with US mined
gold and silver, the extreme shortages of these products can only increase.
US Mint Reports Massive Silver Sales
The US Mint reported
that it has sold one 1.645 million ounces of Silver Eagles through the first six
business days in April, bringing its 2013 total to an extraordinary 15.868
million ounces this year. This is on pace to completely crush the current
annual record. Because of unprecedented demand, all dealers are on very tight
allocations with almost all retailers as well as major wholesalers completely
out of stock. Earliest expected shipments are at least 4 – 6 weeks out!
US Mint Gold Sales Setting Monthly Records
In April 2012,
the US Mint sold 20,000 ounces of gold bullion coins. As of April 16th this
year, the US Mint has sold over 50,000 ounces of gold and the month is only half
over!!
Precious Metals Sell/Buy Ratio Going Hyperbolic
An
unofficial but reputable survey of US bullion wholesalers is reporting a sales
to buy ratio over 50 to 1. There are no forecasts for this to ease any time
soon.
Huge Wholesale Premium Increases
Unprecedented shortages
in silver have resulted in huge premium increases for silver dealers at all
levels. Premiums for US Eagles and Canadian Maple Leafs have jumped $1 in the
last week.
Premiums for “junk silver” are completely off the charts. It has been
reported to us that buyers in areas such as northern New Jersey are paying an
incredible $9 an ounce over spot for pre-1965 US silver coins. As far as we
know, this may be the highest in history. Wholesale premiums for “junk silver”
have risen 2,000 percent in the last six months. Most importantly, there is
almost none to be found anywhere. Some dealers are taking orders with three
months waiting time.
Zero Inventories at Major Private US Mints
Two of the
largest silver bullion fabricators in North America, A-Mark Precious Metals of
Santa Monica, California, and the NTR Bullion Group of Dallas, Texas, have just
notified their retail dealers that they have suspended sales of most of their
silver products. A-Mark has announced that it is ceasing taking orders for all
its one ounce, ten ounce, and one hundred ounce rounds and bars. There is no
projected date for resumption of sales!
Retail Coin Stores Completely Out of New Stock
It is
being reported to us that the majority of local retail coin dealers are entirely
out of stock of any silver products. Our unofficial surveys reveal almost no
customers selling where buying requests are reaching a frenzied level. The
silver shortage situation is fast approaching the extreme level currently
experienced in ammunition sales. Basically, neither can be found!
Ladies and gentlemen, it is becoming patently obvious that world citizens are
waking up fast to the inherent risks of fractional reserve private central
banking, and the extreme threat that burgeoning government debt means for them.
Wise people everywhere are no longer looking for yield but are seeking safety in
ever increasing numbers. And, they are looking for it hard and fast. What they
are finding is the ultimate safety for wealth protection, namely, gold and
silver.

2013-04-20 13:00:14

Source: http://sherriequestioningall.blogspot.com/2013/04/jim-willie-golden-jackass-information.html