Gold and Silver poised for major move.

IMG Auteur
Published : December 12th, 2012
306 words - Reading time : 0 - 1 minutes
( 3 votes, 5/5 ) , 1 commentary
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
1
comment
Our Newsletter...
Category : Gold and Silver

 

 

 

 

The major operators of the paper market in precious metals are using all the ammunition they have available to suppress the price of gold and silver. But they have an extremely powerful opponent in China which continues to increase the gold imports at a remarkable rate. In 2012 China has so far imported 500 tons of gold against 375 tons for 2011. Total Chinese production and imports for 2012 is 900 tons against 750 last year. (chart courtesy Nick Laird of chartsrus.com)








Alasdair Macleod discusses that the Futures Market in precious metals is heading for a major crisis due to the massive outstanding short positions of US banks in gold and silver. http://www.financeandeconomics.org/gold-futures-market-heading-for-crisis/ A major short squeeze could be imminent.


Regularly when GoldSwitzerland transfers what should be client’s physical allocated gold bars from Swiss banks to vaults outside the banking system , the bank does not actually have the physical but must acquire it. Paper gold outstanding is around 100 times the amount of physical gold available. Thus all paper holders can never get physical delivery. This also goes for most ETFs.


The fundamental and technical picture could not be better for gold and silver. Most governments’ deficits are escalating at a fast rate. Money printing worldwide is likely to accelerate rapidly and could reach exponential rises in the next 1-3 years.


Gold and Silver will continue to reflect the destruction of paper money but must be held in physical form and stored outside a very fragile financial system.


The next target for Gold is still $4,500-5,000 and for Silver $150. These targets could be reached in the next 12-18 months. Longer term targets are much higher.


These issues and much more are covered in my recent interview with King World News:


Link to Dec 7 KWN written interview


Link to Dec 7 KWN audio interview

 

 



Data and Statistics for these countries : China | All
Gold and Silver Prices for these countries : China | All
<< Previous article
Rate : Average note :5 (3 votes)
>> Next article
Egon von Greyerz is the managing director of Matterhorn Asset Management AG based in Zurich Switzerland. He specialises in wealth preservation with the special emphasis on physical gold stored in Zurich outside the banking system.
Comments closed
  All Favorites Best Rated  

I think that CHINA is helping to suppress the price of gold and silver,

they don't want to pay high prices to fill there safes.
Rate :   1  0Rating :   1
EmailPermalink
Latest comment posted for this article
I think that CHINA is helping to suppress the price of gold and silver, they don't want to pay high prices to fill there safes. Read more
PIERRE T. - 12/12/2012 at 8:51 PM GMT
Rating :  1  0
Top articles
Latest Comments
Racism-O-Rama
16 Jandennyc1
Ah, yes, black welfare recipients receiving our hard earned and easily spent tax dollars and providing us nothing save their lives for our investme...
Racism-O-Rama
15 JanDoom1
It's not just the English that is considered RACIST, it's also mathematics, and a wide range of other things: http://professorconfess.blogspot...
2018: The Wrong Lesson on Gold Investing
14 JanThe Recusant
As you say, it's only what the central banks do that matters. Gold and its little brother silver are the only true measures of fiat currencies and ...
One-year score card for Trump
13 JanS W.
Everything else aside, Donald Trump has a very small mouth, combined with the weirdest lip action and pouting of any person I have ever seen.
Who Moved My Xanax?
12 JanDoom1
My goodness, Mr. Kunstler may have gotten into the red pills...
If The Banks Try To Unwind Their Silver Short, Who Are They Going T...
11 JanThe Recusant
Great article! The more I read the more I'm convinced that the futures market is simply a means for the banks to control the prices of commodities....
Fairy Tale
11 JanJ.-1
Everybody assumes that Oprah would be a Democratic candidate, why? She may share their views on many things, but I bet she has conservative views ...
If The Banks Try To Unwind Their Silver Short, Who Are They Going T...
11 Janneville1
Hi Andy, Great article.As a veteran who has followed the markets for years ,in fact over 50 years ,I have never in all those years seen a more...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.