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Things You Probably Didn't Learn in School about:

The “MONEY” Follows Gold & Silver.


In 2013, gold futures had the first annual drop since 2000.
That is what happened in the PAPER gold market. The New York Commodities Exchange (COMEX) sells derivatives; the exchange sells the same ounce (1 oz) of PHYSICAL gold or silver hundreds of times.  

Take a look at what happened in
markets that traded actual gold and silver. 

2013 PHYSICALS Market

Worldwide, demand for gold coins and bars surged 28% in 2013. Record-demand for bullion resulted in high premiums, delayed deliveries, gold and silver shortages:

  • Gold refineries in Switzerland:  Volumes UP 77% year over year (refiners worked around-the-clock; they “had difficulty sourcing gold”).
  • United States:  Gold coin sales UP 63% (241.6 metric tons – first three quarters of 2013).  U. S. Mint:  Sales of American Gold Eagle 1 oz coins UP 14% from 2012.  Record-sales of silver coins, UP 30% year over year (Mint halted sales 1 month; distributors were rationed allocations).  
  • Perth Mint:  gold sales UP 41% (754,635 oz –Perth Mint refines gold for the #2 gold producer; China is #1).
  • Austrian Mint (Muenze Oesterreich AG):  2013 sales of Philharmonic gold coins UP 36%; “We can’t meet the demand.”
  • Royal Canadian Mint:  Canadian Maple Leaf gold coin sales UP 82.5% year over year (876,000 oz – first three quarters of 2013); Mint announced supply shortages of Silver Maple Leafs, and carefully managed supply by limiting the number of 2013 Silver Maple Leafs sold to distributors, causing backlogs with primary/secondary dealers. 
  • Turkey:  Imported 302 metric tons– 17% of annual world production (Dec. imports UP 64% over Nov.).
  • China:  Gold purchases UP 50% (2,500 metric tons – 75% of global production); gold sales UP 20% from Nov. through Dec. 
  • Japan:  Gold bar/coin/jewelry purchases UP 300% to 684,809.9 Troy oz.  Also, record-demand in Egypt, Singapore, and United Arab Emirates. 

Record Sales U.S. Mint:  Silver sales in 2013 were up 26% from 2012; 42.6 million silver coins sold in 2013.  

Record Sales India:  India swallowed up about 18% of annual global silver production from all mines in 2013; a record 6,125 tonnes.

Follow the money 2014

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January 2014 Shortages of PHYSICAL product
United Kingdom Royal Mint
:
 SOLD OUT 
2014 Sovereign gold coins due to unusual, exceptional demand from countries such as Italy, Greece, and the U. K.  Nicholas Larkin, Bloomberg.
Perth Mint:  SOLD OUT 2014 Australian Kookaburra 1 oz silver bullion coins.

U. S. Mint:  January 2014 gold coin sales were UP 63%/ Silver sales TRIPLED in January, exceeding U. S. production by 1,250,000 Troy ounces.  Allocations reduced by 2/3 (2014 American Silver Eagle 1 oz bullion coins) first four allocations to authorized dealers SOLD OUT/ January orders will not ship until end of February/ Older dates available from secondary dealers/ Expect rising premiums.

On August 9, 2007 (the day credit collapsed worldwide), the London pm gold fix was @ $662.60/oz. The price of a 1 oz American Gold Eagle (below) is now $1,265.

Silver-Gold

Buy the real thing – for liquidity and no third-party risk.

By Denise Rhyne

END NOTES

CONTROL YOUR OWN PORTFOLIO INSURANCE:
http://www.youshouldbuygold.com/control-your-own-portfolio-insurance/

GOLD IS A PRUDENT INVESTMENT:
http://www.youshouldbuygold.com/gold-is-a-prudent-investment/

TEN COMPELLING REASON TO BUY SILVER NOW:
http://www.washingtongoldexchange.com/2014/ten-compelling-reasons-to-buy-silver-now/

Things You Probably Didn’t Learn in School about Gold & Silver (includes articles on NAKED-SHORTING): http://www.youshouldbuygold.com/wp-content/uploads/2017/09/GOLD-SILVER-9-1.pdf

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