Shortage Of Gold Bars Develops In London – Follow The Money

Shortage Of Gold Bars Develops In London – Follow The Money


It appears as if that old adage that a rumor can’t be confirmed as being true until its been officially denied several times applies to the London gold bar market, as it was reported last night by a London Metals Exchange reporter that premiums on “good delivery” bars are now above the spot price of gold, something which is rarely observed in London:  Gold Bar Shortage In London

Asian and Middle Eastern Central Banks and investors are hoarding an enormous amount of the 400 ounce  LBMA “good delivery” bars that make London the largest physical gold trading market in the world. As the price of gold was aggressively manipulated lower by the Federal Reserve and its agent bullion banks since mid-2011, eastern hemisphere sovereign, Central Bank and investment buying – especially the Chinese – intensified.

January 16, 2014 Read  More

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