Things That Make You Go Hmmm…

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 Zerohedge: Things That Make You Go Hmmm… Like Gold

Wanna know what I think, folks? I think the central banks have been leasing their gold out for decades to the bullion banks and now find themselves in the rather precarious position of needing to reclaim that which they are supposed to own before the shortfall is exposed. I think that creates a big problem for both sides of that little scheme.

I think the smash in paper was specifically designed to shake out loose holders – and it has worked to a degree, but only amongst the weaker holders of the ETFs, who tend to “rent” gold rather than own it. I think the stronger hands have been getting their gold out of the official warehouses as fast as they can; and central banks in places like China, Russia, and all over the rest of Asia and South America have been trying to buy and, crucially, to take delivery of physical gold while they still can.

I also think that retail investors — particularly here in Asia — are, unfortunately, compounding the banks’ problems by using the weakness in the paper markets to acquire as much physical metal (or, as it’s known in this part of the world, “wealth”) as they can.

Eine Bestätigung meiner These: solange die Preisdrückung mit Papiergold funktioniert, haben sich Insider und ZBs das Gold der zittrigen Hände geholt. Das letzte Mal.WE.

Hoffentlich bald, KWN: Silver To Eclipse $100 On Skyrocketing Chinese Demand

[6:30] John Embry, KWN: The Price Of Silver Is Set To Soar As Inventories Collapse

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