Thursday, March 15, 2018

How long can gold manipulation continue now that the World Gold Council has admitted the world has reached Peak Gold?

We have already shown numerous times how the government instituted the gold paper Futures market during the 1970's to protect the Petrodollar following Nixon's closing the gold window 47 years ago, and how the issuance of unlimited paper contracts has become the primary means of manipulation to ensure gold prices do not explode even as the dollar declines.

But even this mechanism inevitably has a flaw, and that flaw is the ability for miners and wholesalers to be able to supply enough gold to at least provide a veneer of allocation to backstop these futures contracts.

Already we are seeing cracks in the Comex system, as reports are becoming public that the U.S. is having to transfer contracts to London to fulfill gold delivery requests since the Comex appears to be unable to follow through with this on their own.  And with news out by the World Gold Council and other sources like SRS Rocco that the world may have reached Peak Gold production, this unstable system may very soon not be able to handle any type of strong demand in the event of a financial crisis.

Jim (Willie) says London is importing gold because they have none, and soon, the ‘Oil-Yuan-Gold Triangle’ will cause a major default.
And from the Gold Telegraph yesterday (March 14)...

In addition to the stock market, the global gold supply is weakening, leaving investors anticipating higher prices. In 2017, the gold supply plummeted the most since any year since 2008. If the supply of gold is really plateauing, experts are predicting a “peak gold” period.
World Gold Council Chairman Randall Oliphant has indicated that global gold production may have reach its peak. The time may come soon when the supply is not expected to meet the demand. The price of gold usually rises during times of economic slowdowns. How will the global financial market react when the supply of gold is running low and gold becomes an even rarer commodity? 
China is not the only country producing less gold. South African and Australian gold deposits are showing signs of becoming depleted. The cost of exploring for new gold has become cost prohibitive and viable deposits are becoming more difficult to reach. 
The potential of a worldwide shortage is good news for investors. Even as mines become exhausted, gold as a commodity will still exist. Gold differs from oil, which, once used up, is physically gone. – Gold Telegraph
Peak Gold + Comex or London default = Gold Price > $????? 

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