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Demand For Physical Gold Is COLLAPSING!
The 14th Noa
Registered User
User ID: 340256
03-20-2017 01:36 PM

Posts: 355



Post: #1
teach Demand For Physical Gold Is COLLAPSING!
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Before I post an excerpt of the article I want to say that the price of Gold and most of all Silver will soar to astronomical levels once the coming currency reset takes place.

I believe that this will happen in the summer period of 2017.

The corrent collapse is becuase of speculation in the paper contracts of gold...

Excerpt of the artcile in question:

I serve on the Board of Directors of a large Singapore-based company that’s in the gold and silver business.

And, last night during our quarterly conference call, the management team gave me a lot of intriguing information.

Sales of physical gold and silver are collapsing across the entire industry.

At the US Mint, for example, sales of US Eagle gold coins fell by 67% between February 2016 versus February 2017.

And sales of US Eagle silver coins are down 75% over the same period.

The World Gold Council’s data also shows a substantial decline in physical precious metal demand in 2016, particularly with bars, coins, and jewelry.

Suppliers and refiners in the precious metals business are echoing these numbers, lamenting that sales are extremely slow and margins are falling.

For our Singapore company, this decline is irrelevant.

They have their own proprietary, state-of-the-art storage facility and a number of cutting-edge service like bullion-backed peer-to-peer loans, so business is great.

But I would expect that a number of other bullion dealers will probably go bust if this downturn lasts much longer.

The one conundrum is that this trend does NOT correlate with the price of gold.

In US dollar terms, the gold price is up 16% since the beginning of 2016.

So it would be reasonable to conclude that sales of physical bars and coins are up as well.

But they’re not.





LoP Guest
lop guest
User ID: 382748
03-20-2017 02:01 PM

 



Post: #2
RE: Demand For Physical Gold Is COLLAPSING!
The 14th Noa  Wrote: (03-20-2017 01:36 PM)
Before I post an excerpt of the article I want to say that the price of Gold and most of all Silver will soar to astronomical levels once the coming currency reset takes place.

I believe that this will happen in the summer period of 2017.

The corrent collapse is becuase of speculation in the paper contracts of gold...

Excerpt of the artcile in question:

I serve on the Board of Directors of a large Singapore-based company that’s in the gold and silver business.

And, last night during our quarterly conference call, the management team gave me a lot of intriguing information.

Sales of physical gold and silver are collapsing across the entire industry.

At the US Mint, for example, sales of US Eagle gold coins fell by 67% between February 2016 versus February 2017.

And sales of US Eagle silver coins are down 75% over the same period.

The World Gold Council’s data also shows a substantial decline in physical precious metal demand in 2016, particularly with bars, coins, and jewelry.

Suppliers and refiners in the precious metals business are echoing these numbers, lamenting that sales are extremely slow and margins are falling.

For our Singapore company, this decline is irrelevant.

They have their own proprietary, state-of-the-art storage facility and a number of cutting-edge service like bullion-backed peer-to-peer loans, so business is great.

But I would expect that a number of other bullion dealers will probably go bust if this downturn lasts much longer.

The one conundrum is that this trend does NOT correlate with the price of gold.

In US dollar terms, the gold price is up 16% since the beginning of 2016.

So it would be reasonable to conclude that sales of physical bars and coins are up as well.

But they’re not.





That's not true.

Unless you're saying these numbers are lies?

http://goldprice.org/
The 14th Noa
Registered User
User ID: 340256
03-20-2017 02:05 PM

Posts: 355



Post: #3
RE: Demand For Physical Gold Is COLLAPSING!
LoP Guest  Wrote: (03-20-2017 02:01 PM)
The 14th Noa  Wrote: (03-20-2017 01:36 PM)
Before I post an excerpt of the article I want to say that the price of Gold and most of all Silver will soar to astronomical levels once the coming currency reset takes place.

I believe that this will happen in the summer period of 2017.

The corrent collapse is becuase of speculation in the paper contracts of gold...

Excerpt of the artcile in question:

I serve on the Board of Directors of a large Singapore-based company that’s in the gold and silver business.

And, last night during our quarterly conference call, the management team gave me a lot of intriguing information.

Sales of physical gold and silver are collapsing across the entire industry.

At the US Mint, for example, sales of US Eagle gold coins fell by 67% between February 2016 versus February 2017.

And sales of US Eagle silver coins are down 75% over the same period.

The World Gold Council’s data also shows a substantial decline in physical precious metal demand in 2016, particularly with bars, coins, and jewelry.

Suppliers and refiners in the precious metals business are echoing these numbers, lamenting that sales are extremely slow and margins are falling.

For our Singapore company, this decline is irrelevant.

They have their own proprietary, state-of-the-art storage facility and a number of cutting-edge service like bullion-backed peer-to-peer loans, so business is great.

But I would expect that a number of other bullion dealers will probably go bust if this downturn lasts much longer.

The one conundrum is that this trend does NOT correlate with the price of gold.

In US dollar terms, the gold price is up 16% since the beginning of 2016.

So it would be reasonable to conclude that sales of physical bars and coins are up as well.

But they’re not.





That's not true.

Unless you're saying these numbers are lies?

http://goldprice.org/

What's not true th elink you provide shows that gold price is dropping...

Are you referrering to physical gold or paper contracts anyway.
Fork 5G
Registered User
User ID: 361628
03-20-2017 02:08 PM

Posts: 16,630



Post: #4
RE: Demand For Physical Gold Is COLLAPSING!
Its because we are on the brink of a mega world war and currency needs to be devalued first


doomed
(This post was last modified: 03-20-2017 02:09 PM by Fork 5G.)
LoP Guest
lop guest
User ID: 382748
03-20-2017 02:15 PM

 



Post: #5
RE: Demand For Physical Gold Is COLLAPSING!
The 14th Noa  Wrote: (03-20-2017 02:05 PM)
LoP Guest  Wrote: (03-20-2017 02:01 PM)
That's not true.

Unless you're saying these numbers are lies?

http://goldprice.org/

What's not true th elink you provide shows that gold price is dropping...

Are you referrering to physical gold or paper contracts anyway.

I'm no expert on reading charts, but that chart looks to me like gold has been dropping, yet so slowly that it's negligible.

Then again i could be reading it wrong.
LoP Guest
lop guest
User ID: 396841
03-20-2017 02:25 PM

 



Post: #6
RE: Demand For Physical Gold Is COLLAPSING!


The 14th Noa
Registered User
User ID: 340256
03-20-2017 02:39 PM

Posts: 355



Post: #7
RE: Demand For Physical Gold Is COLLAPSING!
Fork 5G  Wrote: (03-20-2017 02:08 PM)
Its because we are on the brink of a mega world war and currency needs to be devalued first


doomed

Currency needs to be devalued for the currency reset not WW3.
Fork 5G
Registered User
User ID: 361628
03-20-2017 02:41 PM

Posts: 16,630



Post: #8
RE: Demand For Physical Gold Is COLLAPSING!
The 14th Noa  Wrote: (03-20-2017 02:39 PM)
Fork 5G  Wrote: (03-20-2017 02:08 PM)
Its because we are on the brink of a mega world war and currency needs to be devalued first


doomed

Currency needs to be devalued for the currency reset not WW3.

You don't think there's a power struggle between nation to dominate the reset?
LoP Guest
lop guest
User ID: 409321
03-20-2017 02:42 PM

 



Post: #9
RE: Demand For Physical Gold Is COLLAPSING!
Waiting for the price to fall around $300 again.. same with $5 silver.. happened twice so far in my life time, so a third isn't out of the realm of possibility..
The 14th Noa
Registered User
User ID: 340256
03-20-2017 02:44 PM

Posts: 355



Post: #10
RE: Demand For Physical Gold Is COLLAPSING!
LoP Guest  Wrote: (03-20-2017 02:25 PM)


Physical demand perhaps but the paper contracts are highly speculative...

Silver and gold both will go through the roof eventually during the coming crises.
For those of you interested in actually buying the physical metals or paper contracts now is the time since it will be cheap again.

When the coming currencey crises starts it will be too late as both gold and silver will rise rapidly in very short amount of time.

I also do believe that the speculative nature of the paper contracts is not normal. It might be prive manipulation to prevent pm to rise until the currency crises starts.
Spiddy
Registered User
User ID: 411299
03-20-2017 02:45 PM

Posts: 72,092



Post: #11
RE: Demand For Physical Gold Is COLLAPSING!
Gold is overrated. It makes an excellent conductor but that's about it.



“As democracy is perfected, the office of president represents, more and more closely, the inner soul of the people. On some great and glorious day the plain folks of the land will reach their heart's desire at last and the White House will be adorned by a downright moron.”


H.L. Mencken 1920.
LoP Guest
lop guest
User ID: 396841
03-20-2017 02:46 PM

 



Post: #12
RE: Demand For Physical Gold Is COLLAPSING!
LoP Guest  Wrote: (03-20-2017 02:42 PM)
Waiting for the price to fall around $300 again.. same with $5 silver.. happened twice so far in my life time, so a third isn't out of the realm of possibility..

very unlikely we'll see that again. I think it was x22 spotlight, they had an econ guy on the other day. his prediction for silver this year is $25-29
The 14th Noa
Registered User
User ID: 340256
03-20-2017 02:47 PM

Posts: 355



Post: #13
RE: Demand For Physical Gold Is COLLAPSING!
Fork 5G  Wrote: (03-20-2017 02:41 PM)
The 14th Noa  Wrote: (03-20-2017 02:39 PM)
Currency needs to be devalued for the currency reset not WW3.

You don't think there's a power struggle between nation to dominate the reset?

No the reset has already been determined. There are no suprises or loose ends.
When the currency reset takes place everyone will notice that it will be going to smoothly but who's going to care about that?

For us by the way common people the reset means nothing... Or at least not in the near term.
LoP Guest
lop guest
User ID: 411173
03-20-2017 03:33 PM

 



Post: #14
RE: Demand For Physical Gold Is COLLAPSING!
Fork 5G  Wrote: (03-20-2017 02:08 PM)
Its because we are on the brink of a mega world war and currency needs to be devalued first


doomed

I'm afraid you are correct. I've been trying to convince my spouse we need to but out. Thankfully my mother lives in Australia, so if I ever do need to make an escape down under, I can...
LoP Guest
lop guest
User ID: 411389
03-20-2017 03:51 PM

 



Post: #15
RE: Demand For Physical Gold Is COLLAPSING!
Spiddy  Wrote: (03-20-2017 02:45 PM)
Gold is overrated. It makes an excellent conductor but that's about it.

Quartz crytals would seem to hold more value than gold but since it's so abundant and easily accessed...it isn't.
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