Thanks to readers that donated to the crowdfunding campaign, I’ve been able to force the US Mint through a Freedom Of Information Act (FOIA) request to hand over documents related to the physical audits of the US official gold reserves stored at the Mint; also referred to as Deep Storage gold.  Although the PDF-package digitally sent to me is redacted, incomplete, includes pages copied twice and materials I didn’t ask for, it’s the closest thing that I’ve ever seen to physical audit documentation of gold at Fort Knox and the other Mint depositories drafted in between 1993 and 2008.

From the moment China became an elephant player in the physical market – selling gold is a one way street!
Western sell-offs are shipped to China but do not return
.
The global gold game has changed.
This will TURBO CHARGE the ramp up in the price of gold the next time the West shows interest in the metal…

gold barsRecently, the Bundesbank has claimed that its gold reserves have been audited:

“The gold reserves have been subject to several audits by Deutsche Bundesbank with fully satisfactory results. However, we cannot provide any details, since Deutsche Bundesbank and its partner central banks have agreed to maintain confidentiality with regard to the audits.”

The disdain with which the Bundesbank treats enquires about its gold policies and activities highlights its total non-accountability to the public and its lack of transparency.

gold vaultThe US Treasury, on behalf of the US Government, claims to own 261,498,926.230 fine troy ounces of gold, which is equivalent to 8133.5 tonnes of gold.
The reason for emphasizing that these gold reserves are “claimed” to be stored where the US Treasury says they are stored is that none of the US gold reserves has ever been independently physically audited…

ChinaGFMS has denied all allegations about their incomplete Chinese gold demand statistics by continuously making up false arguments.
Therefore, we will debunk, once and for all such arguments spread by GFMS – which are supposed to explain how from January 2007 until September 2016 the difference between GFMS’ Chinese gold demand and apparent supply reached over 4,500 tonnes – in order to expose true Chinese gold demand:

China-GoldIn the detailed analysis below, Koos Jansen provides more proof the “precious metals assets” on Chinese commercial bank balance sheets have little to do with the “surplus” gold in China’s domestic market:

china-shanghaiIn 2013 we’ve witnessed the inception of the Chinese gold ETF market.   At first demand for the gold ETFs was neglectable, as investors mostly preferred to buy physical gold directly at the Shanghai Gold Exchange (SGE) or buy jewelry or investment bars through retail channels.
This year, however, there has been a major shift in gold ETF demand in China…