The Phaserl


A Bear Market in GoLD

from TF Metals Report:

Everyone’s favorite faux depository reaches a dubious milestone.

As you know, we’ve been keeping track of the depletion of the GLD. Today, let’s use CNBS’ favorite metric, the 20% decline, to characterize the “inventory”.

On 1/2/13, the GLD showed an alleged “inventory” of 1,349.92 metric tonnes of gold. As of this evening, the GLD “inventory” is listed as 1,078.54 metric tonnes following another drawdown today, this time for 2.10 tonnes.

So, year-to-date, the GLD “inventory” is now down 20.1%…thus the title of this post. What does this mean? How much gold is this? At what rate is gold exiting the GLD? Here are some random bullet points:


Help us spread the ANTIDOTE to corporate propaganda.

Please follow SGT Report on Twitter & help share the message.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>