Posted on 05/07/2025 9:06:51 PM PDT by delta7
U.S. banks will have a much harder time manipulating gold prices in the futures markets when Basel III regulations start applying to them on July 1, London metals trader Andrew Maguire says in this week's edition of Kinesis Money's "Live from the Vault" program.
Pricing power in the gold market has already shifted from the New York Commodities Exchange to Asia, Maguire says, and will shift even more after July. Even now, Maguire says, China has been using smashes in the futures market to acquire as much physical gold as is available.
The program is 45 minutes long and can be seen at YouTube here:
https://www.youtube.com/watch?v=CNNNmKydlQU
It could go to the moon but would the governments at that point declare it illegal to own?
It could go to the moon but would the governments at that point declare it illegal to own?
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Biblical prophecy states in the End times ( presumably when the Evil one, Anti-Christ takes full control), people will be throwing their Gold into the streets.) Most likely when “no man will buy or sell without the mark”.
In the meantime, with all the world’s Central Banks buying historic tonnages of Gold and backing their currencies in Gold, Gold can theoretically become scarce for the common citizen.
At today’s price, 3,357 US dollars, Gold is already unaffordable to most Americans.
There would be no need to outlaw Gold ownership as there simply wouldn’t be enough available to buy on the market. The experts in the field, Rule, Schiff, Sprott, etc. state today less than half a percent of Americans hold any significant amounts of physical Gold….when Americans do wake up, the demand for Gold will push it to unimaginable prices.
Hilarious.
There will NEVER be a shortage of gold. Price will adjust upward until supply satisfies demand. Econ 101.
Every ounce has its price.
There will NEVER be a shortage of gold
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“ Data source: World Gold Council
India tops the ranking in first place. With a population of over a billion, India has a substantial demand for gold, amounting to more than 747 tonnes in 2023 — made up of jewellery and gold bar demand. This works out at roughly 0.52 gram per person. However, there has been significantly lower mine production at 15.1 tonnes, meaning that demand was 50 times the supply in 2023.
Behind in second place is China. With a population of over 1.4 billion, the country has a yearly gold demand of 909.7 tonnes. Although the mine production figure is the highest seen in all 10 countries, it still falls short of the demand by two times.
Rounding out the top 3 is Turkey. Mine production in 2023 stood at 36.5 tonnes, which is six times lower than the demand of 201.6 tonnes. Gold demand has also been rising, going from 1.13 grams per person in 2021 to 1.43 grams in 2022 and 2.34 grams in 2023.
Also falling behind in its production is the United States. The world’s No.1 economy mined roughly 166.7 tonnes of gold in 2023 but still fell about 80 tonnes short of its demand….”
And…..Silver has entered its fourth year of structural deficits….PM mining is lagging severely. It will take a few more years just to catch up to preCovid levels, and with the population growth it may never.
There will NEVER be a shortage of gold. Price will adjust upward until supply satisfies demand. Econ 101.
Every ounce has its price.
Get it?
Price will adjust upward until supply satisfies demand.
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I will agree in your assessment ( technically) if/ when Gold rises to 7,000, 10,000 plus US dollars which will make it unaffordable ( unwanted) to the average citizen. At that point, our financial “End Game” arrives.
That was the norm for centuries, Gold was the “ money “ of Kings and Sovereign nations, Silver the “ money” of serfs and citizens. Coinage of nations for hundreds of centuries bear that out, from Rome to Spain to England.
“Gold is money, everything else is credit “(debt).
-1912, J.P. Morgan’s testimony to Congress.
“I view gold as the primary global currency. It is the only currency, along with silver, that does not require a counterparty signature.”
- Alan Greenspan
The future lies east of Suez.......bert
The USA is Pacific Rim and is East Of Suez
Right, and wrong, they should buy now before the price goes up. Also, gold is divisible. 1/10th ounce gold coins from the RCM (real thing) sell for a little more than 10% of the price of an ounce. You can buy as little as a gram in real coinage, for just over $100. A prominent dealer is out of stock of many of the smaller denominations, isn't that strange?
“Gold is money, everything else is credit “(debt). -1912, J.P. Morgan’s testimony to Congress.
“I view gold as the primary global currency. It is the only currency, along with silver, that does not require a counterparty signature.” - Alan Greenspan
Preaching to the choir, friend. Gold has no counterparty, it backs itself.
“I will agree in your assessment ( technically) if/ when Gold rises to 7,000,”
In 2014 you predicted gold would reach $5000 in 2015. That would have been almost $7000 8n today’s dollars.
what are the near tern implications if any for GLD and PHYS?
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