FIRST!

Now to read the word of Turd.

First Comment ever....I also read Turds wurds furst. 

I am not surprised to see prices for phyz and futures officially separating. They have been anyway. I went to a local coin show back in March to add to my stack, (Silver was $28-$29 at the time because it had already suffered a couple of brutal take-downs), but these dealers were paying no heed to "spot". Generic bullion rounds were $36. Premium rounds a la ASE's, Maples, Pandas, etc were going for $39-$50....and people were buying by the fistful. 

A month later I visited my LCS (My bank) trying to add to my stack. Stock was LOW. I asked for a tube of ASE's, but he none to sell besides premium collector pieces. In the past 3 years (since I woke up), he ALWAYS had what I was looking for. He said, "I know a guy that might have a tube for sale. I can have it for you Monday. $600 for the tube ($30 a piece). " The bigger bullion retailer down the road was completely sold out of silver. So,  I went back in Monday gave him the money and he told me he'd be back in a few minutes. Took a ride down the road and came back with my tube. For the first time, investing in PM's almost felt like a "drug deal on some kind of shady black market" . It was surreal. Long story short: The squeeze in on. 

Tragically, I lost my stack in a freak boating accident back in June. Now, all I can do is start over with PM's becoming more scarce. (sigh)

Cheers to Turd and followers. We are winning.   

Is it intentional that you mention buying physical gold and not just physical metal, as you usually do?  I'm all into buying metal, but the GSR is still far too in favor of silver now.  Unless we're approaching a FOFOA type scenario, that's the only time I would imagine silver being left out.  Can you clarify?

selling the building which houses their gold vault.

BTW, anybody notice the last three nights?  Ground Hog night?  right on queue: coordinated smash, followed by recovery through the morning...check it out on kitco.....

couldn't be intervention could it?  free markets working?  Fed trying to start a landslide, knowing that taper is BS, and attempting to rig lower prices before the knee jerk ascent higher?

And Richard Holder says that he is going to do something about white collar crime 6 years ago....what AG announces to the perps that they are going get investigated?  I am pretty sure a real AG would simply descend on the building like a swat team with a couple hundred agents and lock the whole thing down.....grand standing joke.

US and Japan printing money like crazy....just to name a couple. Many more are doing the same.

Swiss franc devalued.

The AG nonsense is even more infuriating, realizing that the gubmint has every single email, phone call, wire transfer, EVERYTHING that the big banks have communicated for the last 15 years....it aint for a lack of evidence....it is willfull.

I think there is quite a bit of reasonable observed evidence that PM price supression is real and that silver is the derivative (in a price leveraged sense) tool to manage gold....hence, I think when the light of truth is finally shone on this bullshizzle silver will lead gold.....don't get me wrong, I'd own em both....just in case...

Turd....I'm witnessing a very strange thing at the U.S. Mint with bullion retail gold.  It's narrowed a little today, but as of yesterday, Ed Steer mentioned that the sales of silver coins to strict bullion gold coins.....was 305 to 1.  305!  That means silver is outselling gold on a dollar for dollar basis by 5 to 1!

Ridiculous!  Normally even 1 to 1 is severely pushing it.

I ask the question here: is the reason the U.S. Mint is not selling more gold coins, because there is a such a severe shortage of gold, that producing planchettes isn't even possible?  But if that's true....how is it that the premiums on retail bullion coins aren't going vertical yet?  What else could be going on here?

This is a very perplexing question....what's your take on it, guys?

(Btw Turd, thanks for public pieces like these and eventually releasing some of the PW posts.  Keep up the great work!)

P.S.-World gold production as a whole, is down 6% thus far YTD.  Peak gold(and silver) is also a probable reality, as SRS has said.

AGE sales are down.

Some, as in the article I just referenced in my previous post, will interpret this as demand is down.

Another interpretation is that supply is down.  I wonder which way the market will look at it.

That's the most obvious answer, but I don't think you perceived why I asked the question....

Why would gold sales be down 90% year over year in the world's most popular bullion gold coin, if(year over year) the world's most popular silver coin is higher than ever?

Sure, you could say "gold has gone up $200 since its low, folks are stopping their buying"....but silver is up $5, or 30% from its low, and yet the buying hasn't cooled off one bit.  On the contrary we're going to just about tie the previous August record at this pace.

So, again, my question is: why the cessation....no, the CLIFF DIVE in retail sales in GOLD ONLY?!

Has a negative GOFO of nearly 5 weeks drained wholesale gold so much that retail can't source adequate blanks?  What is going on here?

This outlier in data is so glaring, that it warrants serious attention from all of us.

I would venture to say that it's just because silver is more affordable. More and more people are catching on that fiat is BS, so we're seeing more people buying PM's to stash away for WHEN the dollar tanks. For median income households It's harder to think about dropping $1500 or $1600 on an oz of gold, but studiously picking up 3-5 oz of Silver every pay day is much more manageable for casual stackers.  

At least, this is how my brain would explain that AG/AU sales ratio. 

"Monetary Metals" over on ZH is having more of a struggle when cherry-picking data to prove a bear market. 

My name is MCC, chew killed my portfolio, prepare to die.

To make it clear, I don't agree with Stewart Thomson's assessment that gold demand has plunged, and included an editor's note in that article that we have NOT seen such a decline in PM demand at SDBullion over the past few weeks- if anything, demand is increasing.

-Doc

We will all be vindicated when Silver rises and starts shooting up. Until then the EE  will be in control of the metals.

Can anyone here tell me if the EE is currently not 100% in control of  the prices? (Even with all the factors mentioned above.) And they will continue to be in control like they have been for decades as long as they want until there is change on this one and only factor: PHYSICAL DEMAND FOR SILVER!

It does not apply to gold since all central bankers work together and they have plenty of gold to supply among them to ease supply. 

Silver on the other hand is not stored like gold. There has only  been unsubstantiated rumor that it is. I can see gold going up but it will not be allowed to to go much above its previous high as that would wake up the sheeple. The EE has big plans for digital currencies and a  cashless society in the future. Skyrocketing gold prices will be a huge hindrance to their nefarious plans.

Silver is our only weapon/protection against these criminals! Even if silver rises to 3 digits, it will be looked upon as an anomaly. Just like Palladium has. We will also know when silver is  about to rise when we see constant and strong buying from Asia.