Alasdair Macleod: Paper Currencies Face Ultimate Collapse- Loss of Confidence in the Dollar Could Propel Silver to $75!

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launch rocket verticalLondon expert Alasdair Macleod returns to the SD Weekly Metals & Markets with his brilliant PM analysis, including:

  • Chinese 2013 gold demand 7,603 tons- More than DOUBLE Global Supply & mainstream estimates!
  • Macleod states that China’s total gold reserves (public & private) may be between 10 and 25,000 tons of gold!
  • Vaulting companies have never seen a 1 kilo (9999) gold bar- not one ounce is leaving China!
  • Gold being delivered from Western vaults has turned dirty- (barely .9 gold):  Bullion Banks Now Scraping the Bottom of the Vaults to Source Asian Gold Demand!
  • Swiss Refiners are working 24/7, with up to 20 tons a day being sourced to China via Switzerland alone!
  • We discuss plunging GOFO rates: Macleod explains that the London Market has been Effectively Cleaned Out of Gold Below $1300, & that No One is Willing to Arbitrage the Negative GOFO Because There is No Bullion Available! 
  • Alasdair provides his short & long term outlook for gold & silver, & states that Paper Currencies Face Ultimate Collapse, and that the Coming Loss of Confidence in the Dollar Could Propel Silver to $75!

A Special Extended Edition Metals & Markets With Alasdair Macleod is below: [Read more...]

Top Silver Supply Figures & Forecasts Are Incorrect

SRS8Due to the tens of $trillions of liquidity the Fed and Central Banks threw into the financial markets, the 2009 Global Depression was averted.  This allowed BAU- Business As Usual to continue in the world and mining sector.
If the financial system collapsed along with the broader markets,  global silver production would have fallen considerably in the years following 2009Furthermore, easy money and low-interest rates allowed the world to extract and consume expensive low EROI oil that it really could not afford.
The end of this decade will be nothing like the beginning.
  The Financial Industry will come under the weight of peak oil.  Paper assets will lose value and investors will be forced to move into physical assets to protect their wealth.
Gold and Silver will offer a WAY OUT to the PAPER PONZI SCHEME.  Unfortunately, only a few will see the light before it’s too late.

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SRSRocco Reveals The Grand Deception In the Precious Metals Industry

debt chicaneryMany precious metals investors are being deceived and they don’t even know it.
There is so much fraud, manipulation and deceit taking place in the economic and financial markets, its amazing the system hasn’t collapsed already.
However, there is another big problem taking place in the precious metal industry that has frustrated me to no end.  This is what I call the “Grand Deception.
Let me explain…
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India Imports a Massive 462 Tons of Silver in January!

india silverThe DGCIS, India’s customs department, has just released the trade numbers for January 2014.
As we predicted, another result from the Indian restrictions in gold trade (besides a soaring Indian black market for gold) is that many Indians flocked to silver.
2013 Indian net silver imports broke all records at 6016 metric tonnes. The Indian gross monthly import average in 2013 was 512 metric tonnes.
In January 2014 gross silver imports was 461 metric tonnes, up 51 % y/y!

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Official Sources Grossly Underestimated Silver Buying in 2013!

Indian Silver Imports 2007 to 2013 ActualIt looks like the official sources grossly underestimated the amount of Indian silver buying in 2013.  When the Indian Government put restrictions on gold imports in 2013, their citizens switched to buying silver.
Thomson Reuters GFMS estimated that total Indian silver imports would be 5,200-5,400 metric tons in 2013.  However, Koos Jansen at InGoldWeTrust, recently published an article stated that the Indians actually imported 6,125 metric tons of silver in 2013.
If we had record silver imports by the Indians in 2013 and continued purchasing of every Silver Eagle allotted by the U.S. Mint… what happens to physical silver buying when things really get BAD IN THE FINANCIAL SYSTEM & ECONOMY??

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India Imported 6125 Tonnes Of Silver In 2013, Up a Mind-Blowing 6560% YOY!

 silverIndian premiums on gold, currently 15 % above international prices, pushed massive amounts of Indian savers into silver in 2013. Indian silver imports in 2013 were 6125 tons, an all-time record, up 189 % from 2115 tons in 2012.
In December, silver imports accounted for 825 tons, up 108 % month over month, and up an astonishing 6560 % year over year! [Read more...]

While All Eyes Are On Gold & China, Silver Could Be The Tipping Point

fiscal cliffFundamentals for gold and silver have become the incense of reality for Westerners.  The primary focus is on how many tonnes of gold China has been importing for the past many years, the depletion of available stocks from the central bankers straw men, aka the LMBA
and COMEX, the number of coins sold by various governments to the public.
People are focusing on the price of PMs, treating gold and silver as vehicles for increasing in price relative to their cost of purchase.  It is the reason for buying and holding gold and silver that matters.  As a consequence, attention is paid to what people think should happen to the price of gold and silver, and not on the reality of what the artificially suppressed market is showing.
Know this:  It does not matter what you pay/paid for owning physical gold and silver.
Price is temporary; physical is permanent.

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Market Continues To Purchase “All” Allocated Silver Eagles From U.S. Mint

U.S. Mint Silver Gold RatioAs sales of Gold Eagles remain subdued, the market continues to purchase every available Silver Eagle from the U.S. Mint.  Since the beginning of the year, the U.S. Mint has sold its Silver Eagles on a weekly allocated basis.
 in the past several weeks, 80-90% of the total allocated weekly Silver Eagle amount was sold on the first day of the week!
The U.S. Mint just updated its sales figures Monday, with an astonishing 744,500 Silver Eagles sold in one day: [Read more...]

U.S. Mint Nearly Sells Out Of Its Weekly Silver Eagle Allocation In Two Days!

After a slower than average sales month in January due to the US Mint’s shutdown, Silver Eagle sales have picked up significantly in February.  In the first eleven days of the month, the U.S. Mint has sold nearly 1.7 million Silver Eagles.
On Tuesday, US Mint official Michael White confirmed that demand for Silver Eagles remains so strong that the Mint nearly entirely sold out of its weekly 900,000 sales allocation of ASEs in the first 48 hours of the week. [Read more...]

INSTITUTIONAL BUYING: The Coming Silver Game Changer

silver rushThe key to investing in silver is getting in before the big gains are made. The sector that will have the largest impact on future silver investment demand will be institutional buying.  According to Rick Rule of Sprott Asset Management, we may be witnessing the beginning stages of what could be a big move of institutional investors in the physical precious metal market.
The writing is on the wall.  The Fed & Western Central Banks are propping up the world financial markets by pumping in huge amounts of liquidity.  This policy has put into question the long-term viability of the Treasury & Bond markets.
Even though the East is participating in the Grand Paper Liquidity Scheme, they are forced to do so because the Dollar is still the global reserve currency.  However, as confidence in the Treasury & Bond markets begin to wane, we are going to see more institutions and retail investors rotate out of paper and into physical assets. [Read more...]

Silver Down 36% In 2013 Despite “Skyrocketing Demand” – Perth Mint Sales Surge 41%

gold & silver sold outGold fell 28% in 2013, while silver recorded a 36% decline. It was gold’s first annual drop since 2000 and gold and silver’s worst performance since 1981 and 1984 respectively.
The Perth Mint of Western Australia reported that they saw a very significant increase in sales in 2013 despite the falling prices. Gold sales from the Perth Mint, which refines most of the bullion from the world’s second-biggest producer Australia, climbed 41% last year.
Silver coin sales surged 33% to about 8.6 million ounces from 6.5 million ounces in 2012, according to the Perth Mint. [Read more...]

Golden Turds? Ben Davies on the Surprising New Shape of Indian Gold Imports

The Golden PooIn this excellent interview with Jan Skoyles, Ben Davies, CEO of Hinde Capital discusses the latest in the gold, silver and bitcoin markets. Davies and Skoyles break down the data on the gold and silver ETFs, check out the physical markets, explore the future of gold for China, discuss the outlook for Bitcoin and then Davies reveals a surprising new shape to certain gold ingots in the black market.
Davies, who predicted the imminent 2011 correction in silver only 3 days ahead of the top gives his views on silver today (there is massive demand at these low levels), and reminds readers that even with 2013′s massive correction (and 60% off the highs in silver), gold and silver remain the top performing asset since the Lehman collapse.
When asked his thoughts on whether the gold bubble has burst Davies replied: Gold has not had any sort of trajectory for any duration as the NASDAQ bubble, or even the recent move in silver which was in real terms hugely undervalued (just to get back to 1980′s real levels silver would need to reach $400).  When people talk about gold being in a bubble, its pretty clear there has been no exponential move higher.
Actual invest-able gold is less than 0.5% of global assets ($22o trillion).  In the 1960′s with the London gold pool the number was about 5%.  It doesn’t take much increase in that number to see a drastic increase in the gold price. 

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5 CHARTS: The Real Story Behind Silver

GFMS SILVER Coin ChartAs the world continues down the road of self-destruction via its highly leveraged paper financial markets, there’s a much more fascinating story worth looking at. 
Hidden from the majority of the public and misunderstood by the so-called professional metal analysts, is the Real Story Behind Silver. [Read more...]

Long Gold, Short Silver And Exponential Demand

gold & silver sold outThe unintended consequence of allowing suppression in the name of industry or to protect fiat currencies has led to a world record surge in physical off-take demand.
Each day more conspiracy theories are becoming conspiracy fact. From Enron to Madoff, the NSA to LIBOR, these scandals were “known” years before being acknowledged or embraced by officials or the mainstream media.
What remains unknown is the distortion this “new reality” will have on behavior and ultimately, the market and nowhere has the distortion been allowed to continue for as long as that associated with the Precious Metals.  [Read more...]

Strong Silver Coin and Bar Demand From India and U.S.

Silver continues to see strong store of value demand In India, the U.S. and elsewhere as buyers view the metal as cheap versus gold.
U.S. Mint silver coin sales are  up 37% ytd, as store of value investors take advantage of the lowest prices since Q3-2010. The drop in silver prices since April has spurred more buyers to purchase  coins, contrary to trends for both U.S. Mint gold coin sales and the historical correlation with silver prices.
The  divergence of silver coin sales and the metal price this year begs the question as to which one will follow the other as Q4 approaches.
The answer might come in emerging market demand for silver especially in India. Silver demand is surging due to the government in India’s capital controls and harsh tax treatment of gold and silver imports look set to reach a record in 2013. [Read more...]