Jan 15


With the US Mint selling silver at an unprecedented pace, it was only a matter of time before the silver shortage would be spotted across the Atlantic, where distributors ran out of both gold and silver on a daily basis during the first time Europe became insolvent some time in early May 2010.

Sure enough, BullionVault.com has announced that it has run out of silver in Germany “due to high demand.” In the meantime, the CFTC’s actions have succeeded in allowing the JPM’s suppression of precious metals markets to continue indefinitely, yet all its actions have really done is to provide a short-lived lower cost basis for the precious metals as there is no indication demand is subsiding.

At some point the margin calls will come. Then not even Gary Gensler will be able to bail out JPM (we wish we could say the same about Ben Bernanke to whom JPM’s role as head of the tri-party repo clearing market is irreplaceable in maintaining an orderly shadow liquidity market).

(Click on image to enlarge.)

Translation:

Due to high demand our own silver stocks are exhausted right now.

As BullionVault is only dealing with physical bars which are already in our possession, we are currently unable to offer, silver on our own market. Of course, our market is still open to all our clients act with each other and set their own prices. This situation could lead to buyers and sellers at higher prices. Buyers are asked to check the price again before they confirm their order.

On Tuesday, 18 January 2011, we expect the next delivery for silver.

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Jun 22

Again: Only physical gold (held by you) is real, everything else is an illusion.

Is it safe in a bank?

James G. Rickards: Possible Run on the Gold Bank, Fed Insolvent, Currency Endgames in US Debt Crisis:

Holding your gold in a bank correlates you to the banking system, the very risks which you are trying to avoid

I would get out of BullionVault NOW and buy real gold instead.

This is not an investment advice!

£12.5m is NOTHING (but a red herring to make people – that don’t know anything about Lord Rothschild – believe that their investment is safe).


An investment fund backed by Lord Rothschild has joined the World Gold Council to put £12.5m into BullionVault, the online gold investment platform.

gold-bars-111
Investment demand for gold has risen on concerns that sovereign debt problems could spread

Tim Levene of Augmentum Capital, a fund backed by Lord Rothschild’s RIT Capital Partners, said the investment was not a bet on the gold price but on “the future growth of the BullionVault platform”, which stores physical gold for private clients in London, New York and Zurich. RIT currently has 9pc of its assets in physical gold.

Investment demand for the metal has risen on concerns that sovereign debt problems could spread and the value of currencies plunge. The gold price hit a new nominal all-time high above $1,260 on Friday and analysts expect the price will continue to rise.

In return for the £12.5m investment, the World Gold Council and Augmentum will receive an equity stake in BullionVault.

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