Alfred Woody's Kewl Blog [ 椼森 ]: Gold Dilution Hits Record 542 Oz For Every Ounce Of Physical, Liquefaction of Current Global Debt & Derivatives Might Require $50,000.00 Gold

Friday, January 29, 2016

Gold Dilution Hits Record 542 Oz For Every Ounce Of Physical, Liquefaction of Current Global Debt & Derivatives Might Require $50,000.00 Gold

The Coming Revaluation of Gold – Hugo Salinas Price

Liquefaction of current Global Debt & Derivatives might require $50,000.00 Gold
For a visual appreciation of the coming conditions, we have provided a few graphs. The first column illustrates the present condition, with present CB Reserves at $11.025 Trillion dollars, plus an estimate of CB Reserves of 31,110 tons of gold at $1,100 Dollars an ounce (according to an authoritative calculation of 183.000 tons of gold in existence at present, of which 17% are calculated to be held as Reserves by Central Banks around the world). The second column presents the present CB Dollar Reserves, below CB reserve gold revalued at $22,000 Dollars an ounce. The third column presents the present CB Dollar Reserves, below 50,000 tons of reserve gold revalued at $50,000 Dollars an ounce. We use the larger figure for CB gold, because some analysts think that China, and also Russia, have far larger gold reserves than they disclose publicly.

Why do we use $22,000 and $50,000 Dollars an ounce? Because other thinkers have estimated a necessary revaluation of gold, with various figures between a low price of $10,000 Dollars and ounce and a high price of $50,000 Dollars an ounce. So we arbitrarily selected $22,000 Dollars an ounce and $50,000 Dollars an ounce. Take your pick. The price and the quantity of gold in Central Bank vaults are really immaterial; the facts will be known eventually, and the result will be what we have pointed out above: the restoration ofbalanced trade and balanced budgets in our present highly disorderly world.
Once the world’s currencies are “gold-backed”, then the gold held by individuals, trusts or corporations will cease to lie lifeless in stocks of gold. All gold will have become money and will spring to life in furthering economic activity: the revaluation of gold by Central Banks will also revalue, simultaneously, the 151,890 tons of gold which are thought to be in private hands at present – 183,000 tons total, minus 31,110 tons held by Central Banks = 151,890 tons in private hands.

COMEX SNAP: Gold Dilution Hits Record 542 Oz For Every Ounce Of Physical

physical-to-paper gold dilution – just exploded. “We are going to need a bigger dilution chart.”

There had been an eerie silence at the Comex in recent weeks, where after registered gold tumbled to a record 120K ounces in early December nothing much had changed, an in fact the total amount of physical deliverable aka “registered” gold, had stayed practically unchanged at 275K ounces all throughout January.
Until today, when in the latest update from the Comex vault, we learn that a whopping 201,345 ounces of Registered gold had been de-warranted at the owner’s request, and shifted into the Eligible category, reducing the total mount of Comex Registered gold by 73%, from 275K to just 74K overnight.
BREAKING NEWS – COMEX Registered Gold Inventories Plummet 73% In One Day

This is the lowest level of Registered Gold inventories on the Comex for more than 20 years & the most surprising movements of Comex Registered Gold inventories ever.