I hate to say I told you so…… But I did
Afternoon everyone …
We all know that all our media outlets across the globe, only tell us what the powers that be want them to. It’s mainly propaganda, and little pieces of the true story, sometimes even completely wrong information on what really happened.
I’ve posted several times about countries buying up physical gold for many many months now, it might even be over two years now.
Source: Federalreservebank.org
Well there is a problem quickly arising from this. It’s a shortage of physical gold to the marketplace. Meaning private mints are having extreme problems getting their hands on gold bullion to turn into bars, rounds or coinage.
Some dealers are increasing the premiums on their gold to accommodate them replacing the sold inventory.
Below is a quick copy paste blurb of the articles on BullionStar. They go into a more detailed explanation in the full article, which I placed a link below for anyone interested.
This problem is not going away!!!
It is only going to get worse as the world’s uncertainty continues. Gold has always been a safe haven for those not having trust in the economy. All large purchases from countries must be reported to the LBMA. But I’m 100% sure that there are countries, buying off the grid gold on the black market as well. Especially countries like China and Russia who have been hoarding gold for years.
Article blurbs:
Physical Gold Shortages Grow | BullionStar Raises Premiums Amid High Demand
BullionStar is currently experiencing high demand and has raised price premiums on certain products.
We are updating our website to display real-time stock levels, allowing customers to track live inventory availability.
The online minimum order remains at SGD 99 (or equivalent in other currencies) for now but may be adjusted if demand continues to rise.
Refineries Imposing Surcharges and Suspending Production
Metalor, one of the leading Swiss refineries, has recently introduced a per-oz surcharge on all its gold products due to shortages increasing the gold lease rate, the widening spread between spot and futures, and tariff-related factors.
Another major Swiss refinery, Argor-Heraeus, has suspended orders for all 50-gram and 100-gram minted gold bars. While BullionStar still has these items in stock, replenishment may not be possible once they are sold out.
Here is the link if you’d like to read more:
I liked to know your thoughts on this announcement, and what you think the future holds for the average person to buy gold?
Comment below….
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Good time to flip a little gold to silver?
Nah the GSR is way to high still
It's finally happening, the prices only go up from here!
It is interesting to know that there are some countries that are buying gold on the black market. so its like the illegal market are actually known to some fo those country? so scary wild world.
It’s so they don’t have to report it to the LBMA. China has been buying on the black market for over a decade now. They don’t want everyone to know how much gold they actual have.
And why I have decided to stepped up my gold stacking over the last two years. I couldn't see this game of musical chairs lasting much longer before something gives.
!PIMP
You've raised some really important points about the current state of the gold market and the challenges it's facing, @silverd510. The shortage of physical gold and the rising premiums are indeed concerning, especially for those looking to invest in gold as a safe haven.
The increasing demand from countries and central banks, coupled with the geopolitical uncertainties, is likely to continue putting pressure on the supply of physical gold. This could mean that premiums and surcharges might keep rising, making it more expensive for average investors to buy gold.
In the long term, predictions suggest that gold prices could continue to rise, potentially reaching new all-time highs. This could be driven by ongoing economic uncertainties, inflation concerns, and central bank purchases. However, it's also important to consider the potential impact of these factors on the availability and affordability of physical gold for individual investors.
It's definitely a complex situation,@silverd510. And staying informed and cautious is key. Do you think this trend will change anytime soon, or do you see it continuing for the foreseeable future?
!BBH
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