Thursday, May 9, 2013

Why There May Be a Lot Less Gold than We Realize

Chris Martenson is a sensible bloke. He is usually very measured in his thought processes and does very good research. In my opinion, this article is therefore worth your reading:

Why There May Be a Lot Less Gold than We Realize

Exactly How Much Gold Do We Have?

There's growing concern that a lot of official gold has been leased out into the market and that sooner or later, as happened back in the late 1990s, one or more parties, perhaps bullion banks or a metals exchange, would run into difficulty trying to meet a physical gold delivery commitment... more

Gold in New Zealand dollars: $1741.70 per oz
Previous all-time high: $2311.02 per oz (15 Nov, 2011)

Silver in New Zealand dollars: $28.49 per oz
Previous all-time high: $59.19 per oz (30 Apr, 2011)
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