Tuesday, April 30, 2013

Dwindling U.S. gold stocks signal surge in physical demand

Surprised?   Not a single "conspiracy theorist" gold bug was surprised by the exploding demand and premiums on physical gold and silver, after the paper spot prices were taken to the wood shed.

At least Reuters got it right with gold being transferred from western banks to eastern vaults.  What they don't mention is that gold also represents wealth being transferred to Asia.

http://www.reuters.com/article/2013/04/30/comex-gold-stocks-idUSL2N0DD2LE20130430

No comments:

Post a Comment