Gold rallies on haven demand; silver up 5%

Even when gold and silver are soaring, the financial media has to give back-handed reasons on the surge in prices.

For example, in this quote, they don't acknowledge that gold is a safe haven asset, but:

Gold futures rallied on Thursday as steep losses for U.S. stocks and a decline in the U.S. dollar lured investors into the perceived safety of the precious metal.

Notice how they subtly injected words like "lured" and "perceived", as if to suggest gold really isn't a safe haven asset, and that investors are being tricked into buying gold.  Even when gold performs EXACTLY as it's supposed to, the benefits are grudgingly acknowledged, but laced with negative nuances.

Here's another excerpt of feigned acknowledgement of gold's role as a counterbalance to fiat currency:

In a report Thursday, the World Gold Council said overall gold demand fell in the second quarter to its lowest value in dollar terms in more than three years. The biggest hit came from outflows among exchange-traded funds, it said. Second-quarter demand fell 12% in tonnage terms and dropped 23% in dollar terms.

To fully understand the context, readers should understand that the WGC is allegedly the voice of the gold industry--specifically, the mining companies.  The WGC is an organization that is supposed to exist and act on behalf of the gold industry.  Instead, they are mouthpieces for the major bullion banks, whose surreptitious charter is to depress precious metals prices, which in turn actually bankrupts the gold industry.  That's how powerful the JPMorgan's, HSBC's, and Goldman Sachs' of the banking cabal are.  They also work as agents for the Fed and western central banks as accomplices in the precious metals price suppression schemes.

So even though global demand for physical gold and silver is soaring--especially in Asia, and specifically China, India, and Russia, the WGC reports that demand fell in dollar terms.  So how did WGC come to this obviously flawed conclusion?

They label paper gold sales in the form of the GLD ETF as negative demand.  What they don't expose is that when large holders of GLD sell more than 100,000 shares of the ETF, they are actually selling the paper and taking delivery of physical gold.  In other words, they are redeeming paper in exchange for real gold.  Of course, this only intensifies the demand and hence, shortage of physical gold.  So the WGC falsely reports declining demand--even though there is record demand for physical gold.

That's why now we are seeing the price of gold and silver soar--because there is a physical shortage.  The massive sales of GLD are nothing but the ponzi scheme being exposed for what it is:  fake gold.  And investors are slowly coming around to the fact that it is better to have real gold in your hand than a paper claim to gold that does not exist.

Yet, the media and the WGC attempt to paint a negative picture even in the face of overwhelming bullish evidence that there is a run on physical gold, and pretty soon, prices will soar.

Other than that, at least they reported the fact that prices for precious metals are already rising.  Better late than never.


http://www.marketwatch.com/story/gold-futures-aim-for-second-straight-win-2013-08-14

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/8/16_Escalating_Fear_Accelerating_Massive_Run_On_Physical_Gold.html#sthash.8zCha87s.dpuf

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/8/16_Escalating_Fear_Accelerating_Massive_Run_On_Physical_Gold.html#sthash.8zCha87s.dpuf