We are in the midst of experiencing two of the most radical weeks in the history of the precious metals markets.  Paper prices for gold and silver, those prices determined by the fraudulently managed commodities exchanges (namely the COMEX and the London Bullion Marketing Association – LBMA) and regulated by the equally corrupt and complicit Commodities Futures Trading Commission (CFTC), have been driven into the basement.

Simultaneously, the available physical supplies of precious metals, especially silver, have suddenly nearly disappeared.  Some of the most extreme shortages for silver in memory have caused premiums for all types of bullion and coins to skyrocket.  Nearly all major wholesalers in the United States, and for that matter the world, are completely out of stock for smaller denominated silver rounds and bars, with no projected delivery dates in sight.  This phenomenon is a worldwide event.

Here is a brief overview of the extraordinary world events highlighting the tremendous surge in precious metals demand.


Last week, the highly reputable Business Standard of India reported that there are “acute” shortages of gold in southern India.  Reports the Standard, “Major jewelry manufacturing centers in southern India are facing an acute shortage of gold ahead of the wedding season despite the industry’s claim to have seen a record import of the yellow metal last financial year.”


US ex-patriots living in Bangkok are reporting that gold dealers in that city are completely out of bullion products other than minor amounts of jewelry.  These reports are stating that there is not one ounce of gold bullion available for sale!   Dealers are taking orders but these are limited to 2.5 ounces per person.


Gold demand is surging.  China’s domestic gold consumption is outpacing its internal production 5.5 to 1.  China’s mining output was up 5.8% in 2011 but its domestic consumption of the yellow metal increased by 33%.

Hong Kong

Reports from Hong Kong have seen line-ups out the doors of precious metals dealers.  Dealers are reporting massive buying with almost zero selling.  Some dealers are reporting that they have sold more gold in one day than they normally do in three months with walk-up clients buying over a million dollars in gold with cash and taking it out the doors in gym bags!


Dutch Bank Shuts Down Gold Deliveries
Possible major shortages of its clients’ deliverable gold has forced Dutch megabank ABN Amro last month to dramatically change its custodian rules.  ABN Amro announced March 24th that it “will no longer allow physical delivery.”  Hysterically, ABN Amro account managers attempted to soothe their clients by saying, “You need to do nothing” as “we have your investments in precious metals.”

Major German Auto Manufacturer Hoarding Silver
It is being reported from Switzerland that a world famous German automaker is now resorting to storing thousands of pounds of .999 fine silver for perceived future shortages.  The company’s purchasing manager has been quoted saying, “For some metals, like silver, there’s no such thing ‘just in time’ delivery anymore.”   It has further been reported that this company is buying every available ounce it can in preparation for severe world shortages.

Switzerland to Buy a Stunning 1,000 Tons of Physical Gold?
A political movement inside Switzerland has acquired one hundred thousand signatures towards new legislation to eliminate future gold sales by the Swiss National Bank as well as to require the Swiss government to buy back immediately one thousand tons of gold that it already sold.  If this becomes law, it will have a significant impact on tightening world gold supplies.

United States

16% of US Annual Silver Production Vaporized in Mine Collapse
A massive landslide at Rio Tinto’s Kennecott mine in Utah, on April 12, 2013, has wiped out five million ounces of annual silver production and five hundred thousand ounces of gold production.  Taking into account that the US Treasury requires all US Eagles be manufactured exclusively with US mined gold and silver, the extreme shortages of these products can only increase.

US Mint Reports Massive Silver Sales
The US Mint reported that it has sold one 1.645 million ounces of Silver Eagles through the first six business days in April, bringing its 2013 total to an extraordinary 15.868 million ounces this year.  This is on pace to completely crush the current annual record.  Because of unprecedented demand, all dealers are on very tight allocations with almost all retailers as well as major wholesalers completely out of stock.  Earliest expected shipments are at least 4 – 6 weeks out!

US Mint Gold Sales Setting Monthly Records
In April 2012, the US Mint sold 20,000 ounces of gold bullion coins.  As of April 16th this year, the US Mint has sold over 50,000 ounces of gold and the month is only half over!!

Precious Metals Sell/Buy Ratio Going Hyperbolic
An unofficial but reputable survey of US bullion wholesalers is reporting a sales to buy ratio over 50 to 1.  There are no forecasts for this to ease any time soon.

Huge Wholesale Premium Increases
Unprecedented shortages in silver have resulted in huge premium increases for silver dealers at all levels.  Premiums for US Eagles and Canadian Maple Leafs have jumped $1 in the last week.

Premiums for “junk silver” are completely off the charts.  It has been reported to us that buyers in areas such as northern New Jersey are paying an incredible $9 an ounce over spot for pre-1965 US silver coins.  As far as we know, this may be the highest in history.  Wholesale premiums for “junk silver” have risen 2,000 percent in the last six months.  Most importantly, there is almost none to be found anywhere.  Some dealers are taking orders with three months waiting time.

Zero Inventories at Major Private US Mints
Two of the largest silver bullion fabricators in North America, A-Mark Precious Metals of Santa Monica, California, and the NTR Bullion Group of Dallas, Texas, have just notified their retail dealers that they have suspended sales of most of their silver products.  A-Mark has announced that it is ceasing taking orders for all its one ounce, ten ounce, and one hundred ounce rounds and bars.  There is no projected date for resumption of sales!

Retail Coin Stores Completely Out of New Stock
It is being reported to us that the majority of local retail coin dealers are entirely out of stock of any silver products.  Our unofficial surveys reveal almost no customers selling where buying requests are reaching a frenzied level.  The silver shortage situation is fast approaching the extreme level currently experienced in ammunition sales.  Basically, neither can be found!

Ladies and gentlemen, it is becoming patently obvious that world citizens are waking up fast to the inherent risks of fractional reserve private central banking, and the extreme threat that burgeoning government debt means for them.  Wise people everywhere are no longer looking for yield but are seeking safety in ever increasing numbers.  And, they are looking for it hard and fast.  What they are finding is the ultimate safety for wealth protection, namely, gold and silver.

To learn more about the rewards of precious metals investing, including how to fund your existing IRA with gold or silver, call Liberty Gold and Silver seven days a week at 888.751.3330. To learn about the most generous affiliate marketing program in the precious metals industry, please visit the Liberty Gold and Silver Affiliate Marketing Program. We're happy to spend as much time as you need to discuss the details with you.

© Copyright 2013 Liberty Gold and Silver, All rights Reserved.
Written For: Liberty Gold and Silver News Blog

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  1. Adam Evenson says:

    If demand is so high, and I trust that it is, how could the price of physical silver be so low ($22 and change)? Unless the government(s), perhaps all of them in collusion, are illegally screwing the bolts down with pipe wrenches. Surely anybody with an ounce of sense has known all one’s life that insiders commit insider deals that bode no good for the public. “Oh, no,” cry the deluded, “they wouldn’t do anything illegal!” Right, and POTUS is always voted into office by the voters. And government authorities should always be trusted to do what is right. Ha, ha, ha.

    • steve says:

      You answered your own question in the first paragraph. Future shorting with naked shorts on the futures exchange courtesy of your fed and the bullion banks.
      Is it legal – no. Artificial price suppression.

  2. james moran says:

    the goyim better wise up-there is a worldwide Rothschild bankster(Federal Reserve,Goldman Sachs,etc.) conspiracy to drive the price of gold and silver down,so when it goes low enough the banksters buy it all back and ride it up to $3000/oz. (gold) and $50/oz.(silver).Your local zionazi banksters at work.

    • Liberty Staff says:

      We agree. We have been hearing, as yet, unconfirmed rumors that large gold purchases in Dubai, etc are commanding up to $2000 per ounce for guaranteed physical delivery

  3. matt reics says:

    I don’t know about the rest but I live in Thailand and there is no shortage of, at least, jewelry gold here. Everything seems normal. Plenty 99.9% available at current market price. As much as you can pay for. Gold bars may be different but there’s certainly no news about any run on gold here on the news (and the Thais are VERY gold conscious)

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  5. Steve says:

    I also live in Thailand and have been investing in the precious metals sector here since 2005, and I have to say that, as much as I would like there to be true shortages in both PMs, this is not the case.

    Lets take gold for example. Firstly, there are the bullion bars (investors usually purchase the 2.5 oz upwards as they do not incur a fabrication charge), the main bullion dealers in Yaowarat (China Town) such as Hua Seng Heng sell the 96.5 % gold content (23 carats) bars. In times of high price volatility, the bullion dealers restrict the amount of gold that customers can purchase to 2.5 oz per person. Therefore, if you walk into a gold shop in the district, you hand over your ID card and cash, and they will give you a receipt that allows you to collect your bullion three or four days later. You can go to another shop in the district (there are literally over 100 shops) and you can buy in the same manner.

    The comments alluding to scarcity of PM in Bangkok, on this site, and quoted by Jim Willie in his recent reports are incorrect. The gold merchants are NOT out of stock, they are simply withholding their inventory and rationing it as they are aware of the price volatility, and like all good businessmen, will not accept significant losses on their stock bought at significantly higher prices weeks before. This action by the traders happens on a fairly regular basis and is seen during times of high price volatility.

    They also manufacture gold coins, and of course jewellery, which are never more than 4-7% above spot price. These are always for sale and there is really no shortage at the moment.

    Furthermore, you have the oldest and most august gold shop in Bangkok called Tong Toh Kang. They have a royal warrant and still produce investment bullion bars with 99.99% purity. Today, I accompanied my friend to the shop and he purchased 20 oz in one go.
    There was no receipt or wait time, it arrived immediately.

    Finally, the silver market is NOT experiencing shortages of either the metal in inventory or dealers withholding the metal. I am a personal friend of the 5th largest silver wholesaler in Thailand and buy from and speak with him on a regular basis. Even at times of the highest volatility e.g. 2008 (silver at 10 USD) you could still buy investment grade silver from China and Korea via Hong Kong at very little premium if any.

    To reiterate, I know the Bangkok PM market well and although you often see long lines outside the dealers doors at times of significant volatility it is not because the shops are ‘cleaned out’ of gold, it is because they are withholding the asset and limiting/rationing it in order to maintain their profit margins. A sensible thing to do, obviously.

    I have been in the PM physical market and the PM Shares since 2005 and have often delighted to read when gold community writers claim that there are shortages, but because I know from personal experience that these reports are a little ‘confused’ for the Bangkok market at least, I will now take these other anecdotal reports regarding the PM market globally with a pinch of salt.

  6. Francis says:

    How come my comment is awaiting moderation?

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  11. Jmar says:

    For you folks currently in Thailand: do they still have thousands of 100 ounce bars stacked which are used for fabrication in Chiang Mai as I saw when I was there in 1971?

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