You can't use the high premiums on retail coins and bar as proof of a "shortage" of gold - it only proves a shortage in production capacity converting wholesale gold into retail gold: goldchat.blogspot.com/...
Wholesale gold is available at the spot price - in this GATA dispatch (gata.org/node/6756), James Turk says "So far the London and Zurich markets continue to operate without problems, but I sense some strains are developing" and "we are giving retail investors the opportunity to buy alongside big institutional firms operating in these markets and to gain the advantages of these markets -- deep liquidity and transparent pricing".
If GoldMoney is not having problems obtaining wholesale gold, then there isn't a shortage. You need to dig a bit deeper.
Countdown of Manipulated Gold Price Running Out [View article]
You can't use the high premiums on retail coins and bar as proof of a "shortage" of gold - it only proves a shortage in production capacity converting wholesale gold into retail gold: goldchat.blogspot.com/...
Wholesale gold is available at the spot price - in this GATA dispatch (gata.org/node/6756), James Turk says "So far the London and Zurich markets continue to operate without problems, but I sense some strains are developing" and "we are giving retail investors the opportunity to buy alongside big institutional firms operating in these markets and to gain the advantages of these markets -- deep liquidity and transparent pricing".
If GoldMoney is not having problems obtaining wholesale gold, then there isn't a shortage. You need to dig a bit deeper.