“Shortage of Physical Gold and Silver Through Manipulation”
March 12, 2021
“The sharp sell-off in gold and silver these past two weeks has taken many by surprise, including me, especially given the growing shortage of physical gold and silver. Make no mistake, the majority of the price decline in both metals has taken place in the paper derivative trading in London and NYC…
It’s been the same pattern almost every day for the last month: gold and silver rise in evening to early a.m. hours driven by enormous import activity from India and now China. This is what I refer to as the physical markets and the eastern hemisphere buyers require physical delivery. Gold (and silver) then typically start to decline once India and China close down for the day (2a.m. – 3 a.m. EST) and the paper traders take over…
If mints are having trouble sourcing blanks with which to mint coins and bars, they should be raising the price to a level that enables them to buy the necessary quantities to satisfy demands. This is how price-discovery is supposed to work. I believe the U.S./Canada/Australia etc are not operating their mints like this because bullion banks need to be able to source enough physical bars to deliver to the big buyers in the east. I also believe the aggressive price take-down that occurs in the paper markets is an effort by the banks to discourage buyers from investing in gold and silver...”
https://gsiexchange.com/shortage-of-physical-gold-and-silver-through-manipulation/
Click the link above to find out more. The price of precious metals should be increasing not decreasing. Take advantage of this and buy things like gold and silver while they are under valued. It’s going to pay off in the long run.