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Why Gold Is Headed Higher & May Become Unavailable At Any Price

Time is now short
Friday, September 25, 2015, 3:55 PM

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... » Read more

Podcast

The Spot Price of Precious Metals Is Becoming Irrelevant

It's different this time
Thursday, April 25, 2013, 9:38 PM

In light of the recent violent down-and-up action in the precious metals, we invited the executives behind the Hard Assets Alliance (HAA) on to discuss the impacts they're seeing recent developments have on the balance of buying and selling for gold and silver. » Read more

guest

Ed D’Agostino

Ed D’Agostino

Ed D’Agostino is the GM of the Hard Assets Alliance and Publisher of Mauldin Economics. He began his career in finance at a boutique investment house and later joined his largest client as Vice President of Business Development. In this capacity Ed directed strategic growth initiatives while providing investment analysis and advisory services to the company’s principals. Prior to joining Mauldin Economics, Ed was Managing Director at a consultancy focused on business development in the financial sector. He has been instrumental in the start-up and expansion of several businesses. Ed’s clients, including hedge funds, lenders, and investment publishers, relied on him to recruit and mentor analysts, develop controls and systems, and implement growth strategies.