Gold

Since last Friday the registered gold in the COMEX warehouse has declined by almost 60,000 ounces to a new recent low of 875,710 ounces.

Based on recent figures from the Bank of England, it appears as though the Bank of England has directed the leasing of about 1,300 tonnes of central bank gold from their vaults in a four month period from March through June

The bullion banks are still massively short of physical gold. All of these physical shortage problems are likely to put enormous upward pressure on gold in coming months. And remember that this factor is in addition to the destruction of paper money we will see which will also put upward pressure...

The Bank of England refuses to explain what appears to be a huge discrepancy in its accounting of the gold it holds in custody, a difference of as much as 1,200 tonnes

Grant Williams provides an all-encompassing collection of the facts, explanations, charts, and data of the whats and whys of recent gold price action

There is an ongoing clash between the forces of paper supply and physical demand – paper supply has won the latest round, but its objective of satisfying and slaking demand for the real metal has failed entirely.

Rabobank has just followed in the footsteps of ABN Amro which effectively defaulted by halting deliveries of gold bullion in April, as the Dutch bank will close customers’ gold accounts effective September 1st!

The gold is gone. It’s been hypothecated and rehypothecated. Not only do the Fed and the U.S. Treasury not own 8,000+ tons, they probably own nothing.

Gold has played a central and positive role in human history since the dawn of civilization. Speech given by Ferdinand Lips at the University of St. Gallen on 24 June 2004 as part of the International Finance & Security lecture series.

Investors must remain calm and keep a critical mind permanently. They have to go beyond the big media noise. And now is really not, really not the time to sell one’s gold.