Demand for bullion puts strain on vaults: Where is the gold coming from?

When I read this: "Demand for bullion puts strain on vaults
By Javier Blas in London

Veteran gold traders are fascinated by the sea-change in bullion demand – and the strains it is putting on banks and security companies’ network of cavernous vaults.”

 

I wonder: Where is the gold coming from?

 

It can't be coming from mines because mine supply is something like 2%/year.

 

I guess some of it might be coming from melted down ear-rings, bracelets, etc. but really... Enough to overflow "cavernous vaults"?

 

The gold must be coming from other vaults. Vaults we can't look into to see how much is there.

 

So, which vaults is it coming from? Not from European Central bank vaults. They are done selling.

I guess that leaves either US government vaults and/or from LBMA vaults. In either case its coming from the Gold Cartel's secret vaults and is moving into vaults where audits and even reporters can see that its stacking up.

This begs the question: How long until those hidden source vaults run low enough that their owners, like European Central Banks, no longer want to sell.

This article, which seems intended to paint the picture of a gold mania about to run out of steam, is actually a supporting data point for the GATA viewpoint: that the central banks have been surreptitiously selling their gold, that the gold has moved into "strong hands" and that the price of gold will erupt as the available gold for this selling runs low.

 

MontyHigh, www. worldofwallstreet. us

Comments

[Richard Lefew]

But when???? The juggler's at the Fed & PWGM, Goldman, et al. seem to be successfully keeping all the pieces aloft, including the chain saw they are juggling, otherwise known as gold.

I wonder when the world will wake up and stop exchanging their goods and services for our dollars which represent, not a store of value, but a successful manipulation of the world's financial systems.

The other exporting nations of the world trade their hard products, like cars and raw materials in exchange for our currency, which represents nothing more than a wealth of complicated financial derivatives insurance and & bank scams. It's not like we export much anymore (except for the few industrial/manufacturing jobs are left).

We're going to one day soon find that our country has been hollowed out, sold out, and invaded by those people who can't make it in their own societies, ie. other countries domestically unemployable become our labor class.

I suppose if the Government can eternally increase, or maintain the value of our dollar in comparison to other countries currency, perhaps we can continue on this course.