Gold Miners Lose $169 Billion as Price Slump Adds ETF Pain

Read the headlines and you'd think the price of gold will tank again, based on the negative headline.

But let's dig deeper.  If the price of gold keeps sinking, miners will go out of business, as extracting gold becomes uneconomic.  Less gold production means shortages intensify--which leads to higher gold prices.

The bullion banks suppressing gold prices (acting as agents of western central banks) only exacerbates physical shortages, as buyers in the East snap up inventory at lower prices, further depleting inventories in the West.  Hence, the largest wealth transfer in the history of the world from the West (Europe, US, Japan) to the East (China, Russia, India, Asia)is occurring right before our eyes.

Thank you Fed for bankrupting America.

http://www.bloomberg.com/news/2013-04-17/gold-miners-lose-169-billion-as-price-slump-compounds-etf-pain.html

Potential reversal for gold miners

http://www.marketwatch.com/story/potential-reversal-for-gold-miners-2012-05-09?siteid=yhoof2

Quebec police help gold miners fight thieves

http://www.nationalpost.com/news/canada/Quebec+police+help+gold+miners+fight+thieves/4078592/story.html

Recent gold mine robberies in Mexico and Brazil, coupled with soaring gold prices are prompting Quebec mining companies to ask for police help to prepare employees in case they become the targets of organized crime.

Officers from the Surete du Quebec met recently with dozens of miners and company officials in the the province's mineral-rich Abitibi-Temiscamingue region to outline steps workers should take if they are offered money in exchange for stealing gold or if they receive threats.

"We are asking people to be careful about who they talk to regarding the fact that they work in a gold mine or handle gold," said Surete du Quebec spokesman Sergeant Guy Lapointe. "It's important they be sensible about what kind of information they spread and not to talk about it in public areas, because ... they could be approached."