{"id":52018,"date":"2020-03-29T13:24:42","date_gmt":"2020-03-29T18:24:42","guid":{"rendered":"https:\/\/olduvai.ca\/?p=52018"},"modified":"2020-03-29T13:24:45","modified_gmt":"2020-03-29T18:24:45","slug":"gold-is-now-unobtanium","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=52018","title":{"rendered":"Gold Is Now &#8220;Unobtanium&#8221;"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.zerohedge.com\/commodities\/gold-now-unobtanium\">Gold Is Now &#8220;Unobtanium&#8221;<\/a><\/h3>\n\n\n\n<p>By now it becoming clear to many that demand for precious metals, as the world &#8216;turns&#8217;, is far outpacing supply as major gold suppliers and sellers exclaim<a href=\"https:\/\/www.zerohedge.com\/markets\/theres-no-gold-comex-report-exposes-conditions-driving-physical-supply-problems\"><em><strong>&nbsp;&#8220;there is no gold.&#8221;<\/strong><\/em><\/a><\/p>\n\n\n\n<p>One glance at APMEX pages and two things are immediately clear:<\/p>\n\n\n\n<p><strong><em>1) There is no gold or silver&#8230;.<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/2020-03-29_8-05-23.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p><em><strong>2) And if there is, the premium for physical gold and silver over paper is massive&#8230;<\/strong><\/em><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/2020-03-29_8-03-56.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p>Put in context, this&nbsp;<strong>100% premium for silver is shocking<\/strong>&nbsp;<em>(<a href=\"https:\/\/twitter.com\/JanGold_\/status\/1244211309895442432\">h\/t @JanGold_<\/a>)<\/em><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/2020-03-29_7-49-55.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p><strong>And the mainstream media is starting to notice<\/strong>&nbsp;as&nbsp;<a href=\"https:\/\/www.dollarcollapse.com\/gold-unobtanium\/\">DollarCollapse.com&#8217;s John Rubino points out<\/a>, The Wall Street Journal just published the&nbsp;<strong>kind of article gold bugs dream of<\/strong>&#8230; Here\u2019s an excerpt:<\/p>\n\n\n\n<p><a href=\"https:\/\/www.wsj.com\/articles\/coronavirus-sparks-a-global-gold-rush-11585332624?mod=hp_featst_pos3\"><strong>Coronavirus Sparks a Global Gold Rush<\/strong><\/a><\/p>\n\n\n\n<p>Epic shortage spooks doomsday preppers and bankers alike; \u2018Unaffordium and unobtanium.\u2019<\/p>\n\n\n\n<p><strong>It\u2019s an honest-to-God doomsday scenario and the ultimate doomsday-prepper market is a mess.<\/strong><\/p>\n\n\n\n<p>As the coronavirus pandemic takes hold, investors and bankers are encountering severe shortages of gold bars and coins. Dealers are sold out or closed for the duration. Credit Suisse Group AG, which has minted its own bars since 1856, told clients this week not to bother asking. In London, bankers are chartering private jets and trying to finagle military cargo planes to get their bullion to New York exchanges.<\/p>\n\n\n\n<p><strong>It\u2019s getting so bad that Wall Street bankers are asking Canada for help. The Royal Canadian Mint has been swamped with requests to ramp up production of gold bars that could be taken down to New York.<\/strong><\/p>\n\n\n\n<p>The price of gold futures rose about 9% to roughly $1,620 a troy ounce this week and neared a seven-year high. Only on a handful of occasions since 2000 have gold prices risen more in a single week, including immediately after Lehman Brothers filed for bankruptcy in September 2008.<\/p>\n\n\n\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold Is Now &#8220;Unobtanium&#8221; By now it becoming clear to many that demand for precious metals, as the world &#8216;turns&#8217;, is far outpacing supply as major gold suppliers and sellers exclaim&nbsp;&#8220;there is no gold.&#8221; One glance at APMEX pages and two things are immediately clear: 1) There is no gold or silver&#8230;. 2) And if [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[374,647,4318],"class_list":["post-52018","post","type-post","status-publish","format-standard","hentry","category-economics","tag-gold","tag-precious-metals","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/52018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52018"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/52018\/revisions"}],"predecessor-version":[{"id":52019,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/52018\/revisions\/52019"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}