Precious Metals Forum

Go Back   Precious Metals Forum > Precious Metals and Economic News > Gold Bug

Like Tree4Likes
  • 1 Post By Unbeatable
  • 2 Post By rblong2us
  • 1 Post By Unbeatable

Reply
 
LinkBack Thread Tools
Old 07-29-2013, 07:14 PM   #1
Big-eyed bug
 
Join Date: Nov 2012
Posts: 416
Liked: 249 times
Bank of England may have sold 1300 tons since Jan!

Just saw Keiser report with Alastair Macleod as the guest.
His breaking news was that the Bank of England may have let slip that they've leased 1300 tons of gold into the market since January.

I was surprised that they were able to keep the price down after Cyprus and the huge India & China demand, even with ETF outflows, this might explain it.

http://www.maxkeiser.com/2013/07/kr4...st-safe-haven/

He starts talking about it at 18:30 into the interview

Edit: This is the link straight to Youtube

PMBug likes this.

Last edited by Unbeatable; 07-30-2013 at 05:14 AM. Reason: Put in Youtube link
Unbeatable is offline   Reply With Quote
Old 07-30-2013, 02:24 AM   #2
Predaceous stink bug
 
Potemkin's Avatar
 
Join Date: Jul 2013
Posts: 220
Liked: 31 times
Rumours, words, stories... I would like to see EVIDENCE
Potemkin is offline   Reply With Quote
Old 07-30-2013, 05:57 AM   #3
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,029
Liked: 2449 times
Hoo boy! If true, might this not partially explain the negative GOFO rates at the LBMA?
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Old 07-30-2013, 06:02 AM   #4
Yellow Jacket
 
rblong2us's Avatar
 
Join Date: Nov 2011
Location: off world
Posts: 1,971
Liked: 872 times
Originally Posted by Potemkin View Post:
Rumours, words, stories... I would like to see EVIDENCE
if there was real evidence the POG would not be what it is .............

We are obliged to try and piece together the real story from little bits of data and rumour.
mike and Unbeatable like this.
__________________
if it cant be done with a digger .... it cant be done
rblong2us is offline   Reply With Quote
Old 07-30-2013, 06:32 AM   #5
Big-eyed bug
 
Join Date: Nov 2012
Posts: 416
Liked: 249 times
Originally Posted by Potemkin View Post:
Rumours, words, stories... I would like to see EVIDENCE
Yes you're right there really isn't enough 'evidence' that there is a shortage of physical gold and that western central banks have been leasing into the market to satiate that demand.

I don't know what I was thinking. I'll just wait for the Central Banks, Politicians, JPM or Goldman Sachs to release some hard evidence.
In the meantime I'll move all my money into a Deutsche Bank savings account denominated in Euros.
Jay likes this.

Last edited by Unbeatable; 07-30-2013 at 07:16 AM. Reason: removed negative statement.
Unbeatable is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Bundesbank to Repatriate 374 Tons of Gold From Bank of France, Substantial Portion of Gold Held at t white&yellow999 Gold Bug 77 02-13-2017 08:39 PM
Tulving sold out of everything! Unobtanium PM Bug 7 06-20-2013 02:10 PM
The Bank of Korea added 20 metric tons in February, raising its gold reserves by 24 percent to 104.4 stockjockee Gold Bug 2 03-07-2013 05:59 AM
Bank of England Gold Vault (video) PMBug Gold Bug 2 12-10-2012 03:20 AM
US gold 'tradition' - quality swaps with Bank of England a smoking gun? PMBug Gold Bug 0 11-15-2011 07:15 AM


All times are GMT -5. The time now is 11:29 AM.


Powered by vBulletin® from Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.
Content of PMBug.com copyright © 2011 - 2019 Measuring Up. All Rights Reserved.