Big Trouble For U.S. Gold Market: No Available Supply When Price Skyrockets
Americans are in big trouble and they don’t even know it. The financial system in which they are totally invested, is heading towards an epic collapse. Printing money and increasing debt (exponentially) are not sustainable business practices. These artificial techniques to prop up a Zombie Economy have a certain lifespan… one that will end much sooner than later.
Unfortunately, the precious metal community had no idea how long the Fiat Monetary Authorities could prop up the Leech & Spend U.S. Economy. Many now believe this can go on for quite a long time. However, this is a terrible assumption to make. Why? Because the length at which the Fed and member banks were able to keep a Dead Financial System alive and its inevitable collapse, will both come as a surprise.
Many precious metal investors are now under the trance that the Fed and member banks are totally in control of the financial and economic system. The evidence is perfectly clear when we look at physical gold investment demand. According to the World Gold Council’s Quarterly Demand Trend Reports, physical coin and bar investment is down significantly compared to 2013, and will be less than half of what it was in 2011.
The data from the World Gold Council shows Americans purchased a paltry 34 metric tons (mt) of physical bar and coin and 79 mt of gold jewelry JAN-SEP 2014:
We can see an interesting trend took place in American gold buying habits as the price of gold declined from a high in March to a low in September (2014)… physical bar and coin demand fell while gold jewelry purchases nearly doubled. Thus, physical bar and coin demand fell from 14 mt in Q1 to 8 mt in Q3, whereas gold jewelry demand increased from 19 mt in Q1 to 34 mt in Q3.
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Interesting article. Indeed. If you think you own gold, and what you have to show for it is a piece of paper that says you own gold, you don’t own gold. You own a piece of paper. You don’t actually own the heavy shiny stuff. That piece of paper gives you title to gold that probably doesn’t exist, or if it does exist, is also claimed by another dozen or more people.
And there’s another problem with gold that people don’t want to talk about. That is, the price is extremely inflated due to speculation. The speculation is about the price of gold with respect to the value of the currency it’s purchased in, not about the demand and supply for the commodity itself. Purchase of gold is a back door to speculation in currency markets. The only problem with that is that it artificially inflates the demand and so the price. If gold obeyed the rules of most other commodity metals, without that artificial demand, the price would be considerably lower than it is. How long will currency speculators use gold as a back door?
Well Warren, Gold has a 6000 year history as a currency and a storage of wealth. Paper fiat is a very new in comparison, especially when it is “Backed” by nothing more than a promise. Every private citizen should be protecting himself against inflation (the Dollar has lost 98% of its purchasing power since the Federal Reserve was illegally enacted on Dec 24th, 1913).
People should always diverse their investments (could it be the slow-down in Gold purchasing be due in large part to the very real, and illegal case of price manipulation?
My perspective is that the artificial manipulation being orchestrated to lower its price, should be viewed in the context as the metals being sold presently at a 50%+ discount!
Afterall, why should those criminals be the only beneficiaries of their-own forced manipulated cheaper prices…
Personally, I believe that in a SHTF situation, having gold is most likely just going to to get you killed. Where are you going use it for anything? Useful things like Bic lighters and diesel fuel will be far more valuable for personal survival. Thinking you are going fight off the hoard and go to barter town with your gold is the stuff of dreams. The thing to do is hide and have supplies for the necessities of life.
The gold is not for the SHTF situation, it is for the reset when the dust settles. Nobody’s trading their gold for a snickers, but the war won’t go on forever and when it’s over the new monetary system will have to be gold backed to prevent another Ponzi evolution.
Then again, if you had to pay somebody to smuggle you and your family somewhere via boat the captain may just take some gold in trade. So maybe it’s for both after and during…?