600 Metric Tons of Gold Does Not Exist at Current Prices – Eric Dubin

TND Editor’s Note:  We do know where the gold is coming from.  We just don’t know exact numbers from each location/global region/nation given the opacity of the market.  But we do know rough tonnage numbers as baseline figures.   For example, gold export data out of the United States has a high level of detail.  Exports run in excess of domestic mine production and scrap/recycling, with the deficit most probably being sourced out of leased gold from the US stockpile at the New York Federal Reserve (and that includes gold held for other nations at the NY Fed – sorry Germany).  Examining this dynamic with other puzzle pieces such as what is reported now in Switzerland and her refineries, flows visible in China, etc., do enable a baseline understanding of supply and demand conditions.  Rory and I can talk about that in more detail the next time I’m on The Daily Coin.  – Eric Dubin

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TND Guest Contributor:  Rory Hall, The Daily Coin |

(Click here for part 1)

Join us as we take a look at the silver market since the US Mint sold out of American Silver Eagles. We review what has happened and the possibilities that loom around the corner.

We conclude our discussion of the current state of affairs at the COMEX which leads us to discuss how the true physical market, the Shanghai Gold Exchange, is impacting the markets and the flow of metal in and out of the market.

This leads us to discuss the bond market, inflation, stock market manipulation through QE and how all these are effecting your daily life and finances. Keep in mind the government has their eye on your IRA and 401k account with ill intent.

We then travel to Switzerland to discuss the upcoming Referendum and how the Swiss will NOT be getting the gold even after they vote to repatriate their gold and back their currency with 20% gold. There is simply not enough gold, at current prices, to satisfy the Swiss’ needs. Not enough gold at current prices!! China alone takes almost 100% of the global mining production of gold which leaves practically nothing for the remainder of the WORLD. Nothing!

Where is the metal coming from? Which has been my favorite question for close to a year. No one has been able to provide a satisfactory answer. I will continue asking until the answer is revealed.

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