The Great Gold Heist of 2013: Exploding Demand & Falling Supply
By Steve St. Angelo
Tuesday, 17 September 2013
No one was prepared for the orchestrated take-down of the price of gold and silver in the first half of 2013. Forecasted supply was generously overstated while demand… grossly under-estimated. Thus, the tremendous imbalance had to be resolved which came to be known as “The Great Gold Heist of 2013.”
Not only were the investors taken by surprise from the huge price declines, but so were the Fed and member bullion banks — one by price movement and the other by huge demand. To understand why I believe there was a gold heist, we have to dissect through some of the just released official data.
Thomson Reuters GFMS just came out with their 2013 Gold Survey Update by providing interesting data that can finally shed some light on what will become an important pivotal point in history. While I realize many individuals are quite skeptical of the data coming from the World Gold Council and Thomson Reuters GFMS, at least we can make some key assumptions from these statistics.