Podcast
by
JW
by
Chris Martenson
Executive Summary
- The amount of gold in London's vaults dropped by 1/3 in the past year(!)
- Activity at the COMEX is flashing warning signs
- When to worry about physical defaults
- Simple math will win out: the West is fast running out of its bullion
If you have not yet read Part 1: Buy Gold While You Still Can! available free to all readers, please click here to read it first.
An interesting piece of detective work was done by Ronan Manly at Bullionstar.com where he noted that the LBMA reported pronounced drops in the amount of gold stored in London vaults, which includes both gold held at the Bank of England as well as non-official vaults within the LBMA system.
To summarize his report, here’s the amount of gold reportedly held in London:
- April 2014 – 9,000 tonnes
- Early 2015 – 7,500 tonnes
- June 2015 – 6,250 tonnes
That means that 2,750 tonnes left London over the past 1+ year.
Does such a large number even make sense?
Well, sure, if we consider that just four countries cumulatively imported (or increased reserves) by ~4,500 tonnes since the beginning of 2014.
Confirming this is the handy chart below of gold flows as compared to…
Why Gold Is Headed Higher & May Become Unavailable At Any Price
PREVIEW by Chris MartensonExecutive Summary
- The amount of gold in London's vaults dropped by 1/3 in the past year(!)
- Activity at the COMEX is flashing warning signs
- When to worry about physical defaults
- Simple math will win out: the West is fast running out of its bullion
If you have not yet read Part 1: Buy Gold While You Still Can! available free to all readers, please click here to read it first.
An interesting piece of detective work was done by Ronan Manly at Bullionstar.com where he noted that the LBMA reported pronounced drops in the amount of gold stored in London vaults, which includes both gold held at the Bank of England as well as non-official vaults within the LBMA system.
To summarize his report, here’s the amount of gold reportedly held in London:
- April 2014 – 9,000 tonnes
- Early 2015 – 7,500 tonnes
- June 2015 – 6,250 tonnes
That means that 2,750 tonnes left London over the past 1+ year.
Does such a large number even make sense?
Well, sure, if we consider that just four countries cumulatively imported (or increased reserves) by ~4,500 tonnes since the beginning of 2014.
Confirming this is the handy chart below of gold flows as compared to…
by
JW
by
JW
by
Chris Martenson
The central planners are setting the stage for the next round of officially sanctioned theft and this time they mean to assure that you have no way(s) of escaping.
They’re coming for your cash. This is a risk that Charles Hughes Smith explored for us back in June in a very well-received analysis.
Once a fringe idea, this concept is now being openly discussed and debated at the highest levels publicly. Which means it is being hotly discussed behind closed doors, and likely has been for a long time.
The War On Cash Intensifies
PREVIEW by Chris MartensonThe central planners are setting the stage for the next round of officially sanctioned theft and this time they mean to assure that you have no way(s) of escaping.
They’re coming for your cash. This is a risk that Charles Hughes Smith explored for us back in June in a very well-received analysis.
Once a fringe idea, this concept is now being openly discussed and debated at the highest levels publicly. Which means it is being hotly discussed behind closed doors, and likely has been for a long time.
Total 6365 items
