We Are Experiencing the Biggest SHORTAGE of GOLD in HISTORY Right Now!

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To those who have been following the gold market, this comes as no surprise. It is of course hard to identify gold’s origin when central banks are covertly involved in the gold market, and use their power to work hard at keeping their activity secret. 

Only a select number of bullion banks acting as agents for governments know the name of the central banks that are the the true source of physical metal passing through the world as gold flows from Western central banks to Eastern Asia. Central planners are selling the family jewels.

What’s worse, they are trying to do it in secret, so that even a big commodity house does not know where the gold bars are coming from.

Now we have a big commodities trading house closing their doors on their relatively new venture of precious metals buying because they cannot establish the identity of bars, and do not want to be held accountable and accused of money laundering. Note that these bars are not held by oligarchs. The oligarchs are buyers of gold, not sellers. The selling comes from the central banks.  

Eric Sprott, Founder and Chairman of Sprott Asset Management, said recently that he expects a “significant re-rating of the gold price” due to high physical demand from China and India, coupled with a gold supply shortfall.
 

“Ultimately, we will find out the extent of manipulation in the gold market when someone finally fails [to deliver] – most probably the U.S. running out of gold to supply the market. And I don’t think we are far off here.

There’s no rational explanation, in my opinion, of where the gold is coming from apart from central banks. I prefer to focus on the physical shortage argument for owning gold, because I believe the case there is black and white. 

The means and motive for suppressing the price of gold are well-known. And the physical will win the day.” 
 

THere is a great deal of suspicion around if the Fed in the US has as much gold as it says it has, or if it even has much gold left in its vaults.  In 2012, Germany had requested that 674 tonnes of its gold be repatriated and was told by the U.S. that it would take eight years to achieve.

When Germany heard it would take 8 years to get their very own gold back, they got extremely concerned and requested to look at their gold in the U.S. vault. Their request was refused. This occurred in 2013.

But when the Dutch wanted their gold back last month, it was given to them – all 122 tons!

The national bank of Belgium is the latest central bank to say it wants to repatriate its gold reserves. Last month, a coalition of Swiss citizens mounted a campaign to say that the Swiss National Bank must hold at least 20% of its reserves in gold and that the bank didn’t have the authority to sell its gold. The media was heavily propagandized and the bill was defeated.

Belgium, Poland and Austria are repatriating their gold, so the mistrust against the Fed as a custodian of gold is high.

Dr. Paul Craig Roberts asserts “There is no reason for partial delivery if you have the gold.  There is no reason to sell all these naked shorts if you have the real gold you can dump on the market.”

“They obviously don’t have any [gold] because, if they did, they would have given Germany’s gold back. If they had any, they would let people audit the vaults.”

 

In an interview last week with Trunews, Co-Founder of Germany’s Repatriate Gold Campaign, Pete Boehringer says,

 

 

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