To Central Bankers: You Are Golden Toast On A Silver Spoon

We have frequently stated that those with power will not give it up without a fight, and that they will stop at nothing to retain it. You are witnessing an example of the extremes to which the fiat-issuers will go. We have also frequently warned that when it comes to markets, Anything Can Happen! You have an example of both, from last week.

Memo To Central Bankers:

How dumb can you be? What better way to expose your naked short backside than to trash a market with known world-wide demand? So arrogant, so parochial. The world thanks you. The bullion dealers thank you. The gold/silver buyers thank you.

When there is more and more smoke about the possibility of the bullion cupboards being bare, the fiat-makers are doing the same thing to paper gold and silver as they have done to currencies: destroying them.

Those few banks responsible for the naked shorting in both gold and silver do not have to post any margin, nor do they have the underlying physical were they required to make delivery. In essence, they are doing what bankers only know how to do: create fiat paper gold and silver that exists only in the minds of the mis-guided believers.

People who are following the “yellow brick road” are discovering that the “Wizard behind the curtain” is a collective of the three main characters: no brain, no heart, a total coward, and most importantly, no true power! Central bankers are a bunch of munchkins.

We have frequently stated that those with power will not give it up without a fight, and that they will stop at nothing to retain it. You are witnessing an example of the extremes to which the fiat-issuers will go. We have also frequently warned that when it comes to markets, Anything Can Happen! You have an example of both, from last week.

We know from direct experience that the available supply for physical gold and silver is becoming more problematic, and the premiums have exploded. Almost all dealers have no supply to meet the real demand for one ounce gold and silver coins. They stopped selling them, and availability for 10 oz and higher bars has been delayed for weeks. For this, too, we have been sounding the alarm.

Price is not the ultimate issue, at this stage. Owning and having possession of the physical is what matters. Silver may be at $23, and gold at $1,400, but try buying them at those prices! Get what you can, whatever the price.

In a Commentary from a few weeks ago, [Comex Prices Manipulated? Still “Accurate” please click to read if you missed it, and it also captures the essence of why the physical market is so much more important than the paper one, relative to what just occurred, last week], the point was that the charts which reflect New York and London exchange traded paper is precisely what the central banking cartel wants everyone to “see” and “believe.” Their attempt to have “paper cover rock” scam is tearing apart.

These charts have lost relevancy because they do not reflect the actual demand for the underlying physical metals, but they do show some interesting points. The spike lower for April, not yet over, shows what central bankers want you see and “fear,” but what the chart does not show is that behind that “curtain,” demand for the physical has spiked even more to the upside!

Instead of driving people away from gold and silver by artificially suppressing the now fiat paper market, the true picture is in the physical market, and around the world, investors are flocking to dealers to buy record amounts of gold and silver. Reports from China, Singapore, Hong Kong, India, Australia indicate long lines of more than willing buyers to “get while the getting has gotten better!” Now, it takes less of the trash fiat to buy more of something with real intrinsic value. Unfortunately, most Americans are missing the boat, but those who do know are also experiencing delays, unavailability, and sharply higher premiums…

CONTINUE READING HERE!

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