The Phaserl


Thoughts On The Price Of Gold

by Koos Jansen, Bullion Star:

Withdrawals from the Shanghai Gold exchange (SGE), which equal Chinese wholesale gold demand, in week 12 (March 23 – 27) accounted for 46 tonnes, down 14.5 % w/w. Year to date total withdrawals have reached 610 tonnes, up 9 % from 2014, up 33 % from 2013.

Ever wondered why Chinese demand doesn’t move the price of gold substantially higher? A much perceived analysis in the gold space is that (central) banks suppress the price of gold. While it certainly is in their interest to control the price of gold and there are many clues they do intervene, in this post I would like to approach this subject from scratch, from what I believe is basic economics, hopefully sparking debate.

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1 comment to Thoughts On The Price Of Gold

  • mac

    Koos, that is absurd. The take down in April 2013 was done by the USA cartel and China. Remember Timmy Geitner going to China, and after his visit the take down starts. Obama also had ordered many CEO Bankers to report to him in the White House just before the take down.


    It is a crime scene, we don’t need any flowers Koos….

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