London gold store, Sharps Pixley, experienced a 253 % increase in
physical gold sales in March, citing fears over rising geopolitical tensions.
Not exact matches
In the article, the MSM propagandist states such things as: 2017 has seen, according to his one time Goldman Sachs source, a «dramatic crash in [
physical gold coin] demand,» that interest in
gold coins is linked to «political conservatism, or anarcho - libertarianism» and «end of the world right wing sentiments,» that
gold has been implicated in a «conspiracy to commit money laundering,» that
gold is «financed by people in the narcotics trade,» that it comes from «illegal mines and drug dealers in Peru, Bolivia and Ecuador,» that «the federal authorities assume the NTR Metals [case] represented only a fraction of illegally sourced and financed
gold,» that therefore the US attorney is broadly investigating the
gold industry, that
gold is «produced by exploited workers,» that «crude [
gold] extraction techniques create serious and lasting environmental damage,» that
gold plays an important part in «tax evasion,» that it is related to American gun
sales, which the author abhors; that «drug dealers [use]
gold imports as a way of laundering their proceeds,» and that «they came to realize that illegal
gold [is] an intrinsically better business» than drug dealing; to name but a few of the aspersions cast against
gold in the short article.
Simplified, the
gold price rigging scam works by the orchestrators allowing natural market forces to increase the price in roughly $ 50 — 100 increments, whereupon they unleash massive, synchronized, simultaneous, shock - and - awe - style naked short
sales, unbacked by any
physical gold they actually own, that take the price right back down by $ 50 to $ 100 in a matter of minutes to a few days.
The second part of the equation though, or really the first in the context of your question, is that
physical coin
sales have been a less dominant means of participating in the
physical gold market in the last 15 years, relevant to the ETF (exchange trade funds).
The ETF, GLD [NYSE], has seen positive net formation in the last six months, and I think what you're seeing, is the ETF beginning to steal market share in the US market from
physical sales, while in India and China, the official sector associated with individuals being able to legally own
gold and silver has increased the attractiveness of those investment vehicles in those countries.
Kirby, who also arranges
gold sales by the ton on a global scale, explains, «There are reports of people trying to buy institutional amounts of
physical gold bullion in the Asian market, and there is none available even if they are paying a premium.
Each sovereign
sale has produced needed
physical gold at times of supply — demand imbalance, many of which have been critical.
«Overnight, there has been a tremendous increase in our
sales,» Oliver Heuschuch, head of trading for Degussa's
gold business, one of the biggest German
physical dealers, told Reuters.