Gns+Research
Gold: Physical Demand Vs Paper Supply
Gold: Physical Demand Vs Paper Supply
By Tyler Durden
Created 07/21/2013 - 22:38
Submitted by Tyler Durden
From the huge demand for physical gold from Asia to repatriation demands, and from the draining of COMEX gold inventories [4] to the excess supply of paper gold, there is an increasing 'gap' between the perceived 'price' of gold and the cost to get one's hands on the precious metal. Santiago Capital's Brent Johnson [5] provides a brief but complete summary of the various conundra (which we have described in detail [6]) occurring currently in the manipulated metals market. Perhaps the most telling phrase comes towards the end when Johnson notes, "I don't know how to say 'Hunt Brothers' in Mandarin, but it might not be a bad idea to learn."
Chinese demand for physical gold has been surging...
[7]
"I don't know how to say 'Hunt Brothers' in Mandarin, but it might not be a bad idea to learn."
[8]
as it seems highly coincidental that so much is being drawn down as China's demand rises...
[9]
Regardless of the derivative inventory, the fact remains the demand for physical gold from China alone is a huge percentage of global YTD production
[10]
"And I'm willing to bet that there are some other people in the world that wouldn't mind having some gold as well."
Full Presentation below...
http://www.zerohedge.com/print/476676
Chinese demand for physical gold has been surging...
"I don't know how to say 'Hunt Brothers' in Mandarin, but it might not be a bad idea to learn."
as it seems highly coincidental that so much is being drawn down as China's demand rises...
Regardless of the derivative inventory, the fact remains the demand for physical gold from China alone is a huge percentage of global YTD production
"And I'm willing to bet that there are some other people in the world that wouldn't mind having some gold as well."
Full Presentation below...
http://www.zerohedge.com/print/476676
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.