Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Silver Miners’ Q3’17 Fundamentals
By: Adam Hamilton, CPA

Deflation must be embraced
By: Alasdair Macleod

Gold’s 47-Year Bull Market
By: Steven Saville

The Precious Metals Bears' Fear of Fridays
By: Dimitri Speck

The Lemmings are Heading Towards the Cliff...Again
By: Gary Savage

28 Reasons to Buy Physical Gold
By: BullionStar

Is This Gold Rally The Start Of Something Big?
By: Avi Gilburt

GoldSeek Radio Nugget: Peter Grandich and Chris Waltzek
By: radio.GoldSeek.com

GoldSeek Radio Nugget: Andy Schectman and Chris Waltzek
 
Search

GoldSeek Web

 
DOLLAR DEATHBED DYNAMICS: U.S. Suffers 2-Year Gold Mine Supply Deficit


 -- Published: Thursday, 15 October 2015 | Print  | Disqus 

By Steve St. Angelo, SRSrocco Report

As the death of the world’s reserve currency grows closer, the U.S. continues to export one hell of a lot of gold.  Matter-a-fact, the U.S. exported so much gold over the past three years, it suffered a deficit large enough to equal two years worth of its domestic mine supply.

This should be no surprise to precious metal investors as 99% of Americans continue to believe DEBTS are ASSETS.  I mean, why should Americans invest in the barbarous gold relic when their wealth comes much easier via their monthly retirement statement?  Sure, their retirement balance continues to go down each month, but this is just a mere setback.  Nothing to worry about, especially when they vote in Donald Trump as President…. double and triple digit gains for everyone.

Well, that sounds real nice until you look under the U.S. Financial hood and see what’s going on with the Federal Reserve Motor.  I would recommend anyone who hasn’t seen the video by John Titus at Best Evidence called, Fed Audit Shocker: They Came From Planet Klepto… to watch it several times.

Not only did the Fed purchase worthless Mortgage Backed Securities from top Banks for $1.7 trillion, Titus believes the Fed has understated the amount of U.S. Treasuries on its balance sheet.  Titus plans on putting out another video showing how much more Treasuries the Fed may have on its balance sheet… but are not publicly stating.

The world is waking up more each day to the massive amount of fraud taking place at the Fed and its member banks.  At some point, the Dollar will lose its reserve currency status, thus waking up Americans from their 45 years of Gold Amnesia.

Getting back to the data, let’s look at the following two charts:

Total-U.S.-Gold-Supply-2012-2014

Total-U.S.-Gold-Demand-2012-2014

You will notice that total annual U.S. gold supply was lower than total annual gold demand each year during the three-year time period shown above.  The peak annual deficit was in 2013 as total gold supply of 650 metric tons (mt) and total gold demand of 881 mt resulted in a handsome deficit of 231 mt.

If we combine the data from the two charts above, we have the following result:

U.S.-Gold-Market-Net-Deficit-2012-2014

Total U.S. gold supply for 2012-2014 was 1,979 mt versus total demand (including exports) of 2,415 mt, resulting in a net deficit of 436 mt (whopping 14.1 million oz).  Again, that’s one hell of a lot of gold.  How much?  Well, if we go back and look at the U.S. Mint sales data, it equals all the Gold Eagles sold since 1997… 14,054,750 oz worth:

Gold-Ealge-Sales-1997-2014

As we can see, the U.S. Gold Market deficit equaled all Gold Eagle sales since 1997.  Another important takeaway from the chart above is the huge increase in sales when investors are worried about the financial system.  This occurred in 1998-1999 due to the supposed Y2K scare and in 2008-2009 when Americans thought the U.S. market and banking system was imploding.

Another eye-opening way to look at the three-year U.S. Gold Market deficit is how it compares to domestic mine supply.  The United States is the fourth largest gold producer in the world.  China is number one, followed by Australia and Russia.  In order to supplement the U.S. gold deficit 2012-2014, two years worth of domestic mine supply would be necessary:

U.S.-Gold-Net-Deficit-vs-Mine-Supply-2012-2014

The United States produced 230 metric tons (mt) of gold in 2013 and 210 mt in 2014 for a total of 440 mt.  The total U.S. Gold Market cumulative net deficit from 2012-2014 was 436 mt.  Thus, gold from institutions, banks or the looting of the GLD ETF, was necessary in order to supplement this massive 436 mt U.S. gold deficit.

Unfortunately, the Eastern countries continue to import record amounts of gold while Americans hope and pray that their paper assets hold their value.  This is the reason we see the Fed and U.S. Treasury propping up the entire Bond & Stock Market.  Once the popping of the Great U.S. Ponzi System occurs, you can bet your bottom Silver Dollar that the safest assets to own are precious metals and not highly inflated $24.7 trillion U.S. Retirement Market.

Please check back for new articles and updates at the SRSrocco Report.  You can also follow us at Twitter below:

SRSroccoReport Twitter Button


| Digg This Article
 -- Published: Thursday, 15 October 2015 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.