Is There a Shortage of Physical Gold?

Townhall ^ | 04/25/2013 | Michael Shedlock

[muawiyah]

Even if gold is in jewelry, it's still in country and it's not going away. Stuff doesn't rust worth a darned.

Those ancient Hindu temples with $45 billion in gold ~ they're still in India. Folks know where the gold is.

[mountainlion]

The Gold market is full of fraud and manipulation. Small gold coins are probably harder to counterfeit with titanium. The paper “gold” is probably as convoluted ad derivatives and as easily manipulated.

[Obama_Is_Sabotaging_America]

Shortage of precious metals. Shortage of ammo.. When do the food shortages start?

[jiggyboy]

They did a test to see what would happen here in Silicon Valley in 2008 I believe. All of a sudden, rice was suddenly nowhere to be found in the world, we were led to believe.

Two years or so later, I think a test on lentils in India was done as well.

Like everything else we’re waiting for, it will come with no reason and no warning, like the Cyprus bank robbery.

[yefragetuwrabrumuy]

I was reading up on the possibility of the physical transmutation of mercury, which we have in abundance as waste from the oil companies, into gold, with the use of gamma radiation, and the conclusion reached was that the energy required would make the cost of the gold about $18,000/ounce.

However, this would be “basic science laboratory transmutation.” Technological production of transmuted gold could likely improve this efficiency considerably.

For example, the idea of gamma radiation passing through a single “thin sheet” of mercury, resulting in a small number of gold molecules, would be inefficient, since most mercury molecules would be missed. However, having that radiation pass through a thousand layered sheets raises the odds of a productive collision considerably.

[smoothsailing]

Well, while your zapping mercury, I think I’ll take a look at silver. Something very interesting going on there.

[Bernard Marx]

The argument that there can ever be a "shortage" of physical gold is pretty funny. It's like any other commodity: the price will rise to meet the demand for whatever quantity exists. We won't "run out," but we may be priced out.

[Stentor]

They did a test to see what would happen here in Silicon Valley in 2008 I believe. All of a sudden, rice was suddenly nowhere to be found in the world, we were led to believe.

Maine Potato Default

They had quaint ideas about crime. (Love the tire prices.)

[Sparticus]

The Gold market is full of fraud and manipulation. Small gold coins are probably harder to counterfeit with titanium.

Umm... I think you mean tungsten?

[cricket]

Yes; but might be; in any event; a time for audit at Fort Knox.

[Atlas Sneezed]

http://www.tulving.com/goldbull.html

Tulving has much more in stock now. Hideous markups ($5/oz - usually at spot) for junk silver, but otherwise markups look like they have for years.

[Jack Black]

Pretty big minimums too! A tube of qty.40 1/2oz gold coins, 20 oz total weight is out of the price range of people who’d like to buy a couple small coins.

[Paladin2]

"with titanium"

Tungsten is much closer to the density of Au.

[SVTCobra03]

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/25_Sinclair_-_This_Is_The_Beginning_Of_The_End_For_The_Gold_Shorts.html

http://www.goldmoney.com/gold-research/alasdair-macleod/physical-gold-vs-paper-gold-waiting-for-the-dam-to-break.html?gmrefcode=gata

[Stentor]

Max Keiser dismembers Joe "Weaselthal" of Business Insider and interviews Andrew Maguire. Skip to the interview if your not interested in Max and his girl Stacy.

Keiser Report: Stalinism of NYSE (E436)

[Atlas Sneezed]

Yes, they do very large volume low mark-up. it’s for comparison only. it’s where the coin dealers can buy to replenish their stock. But I suspect they prefer to underpay for what walks in instead.

www.gainesvillecoins.com is good for low volume buyers.

[TangoLimaSierra]

The Mint also sells 22-karat American Eagle coins of 1 ounce, half an ounce and a quarter of an ounce.

Anyone got scaled pic of a quarter ounce of gold? I'd be afraid it would fall into a crack in the drawer or something.

[TangoLimaSierra]

Never mind. Found one. A little bigger than I thought.

[mountainlion]

Umm... I think you mean tungsten?

I think you are right,