CME Reports That Brinks Has a Seventy Percent Decline in Registered Gold Bullion Supply…(People Want It In Their Hands!!)

Friday, July 12, 2013
By Paul Martin

11 JULY 2013

Nick Laird of informs me that Brinks is ‘now being depleted’ of private gold holdings.

I am following up to make sure that there has not been an error in reporting. The CME reports these figures one day in arrears, on a weekly basis, so the chart below is dated July 9.

I have extended the calendar axis a bit to show the nearly vertical drop in inventory of registered bullion.

In referring to the registered supply at Brinks, Nick notes that:
“Brinks is now being depleted. They have gone from 447,199 on July 3rd to 134,525 on July 9th which is a drop of 312,674 oz.”
If this is correct, then this is a decline of 70 percent in the gold held in private accounts at Brinks in just one week.

If this is data is correct, it would not be too much of a stretch to say that this has the appearance of ‘a run on the bank.’ Again, I will wait to see if the CME issues a correction for this. It seems almost incredible.

Where is the gold going? It was not transferred from the registered to eligible category, and does not seem to have been transferred to any other COMEX vault. I suspect it is flowing East. And perhaps it is being taken to replace gold that has been rehypothecated from custodial vaults somewhere.

Someone seems to know something. Rather odd things are happening.

One looks at this and wonders, what next?

The Rest…HERE

Leave a Reply

Support Revolution Radio

For a limited time only, every $30.00 donation gets you a well crafted Boker Magnum Bailiff Tactical Throwing Knife. Every $20.00 donation gets you the same, but on a wonderful coffee mug. Just click the button below and give till it hurts...