And it (the amount of gold being dishoarded) has obviously gone up. When you think, Eric, the Chinese increase their imports by a minimum of 1,000 tons -- that’s a 25-percent piece of the market that they never had before, and the price went down. And the Indians came in and bought an extra 20 percent of the silver market last year, and the price went down. (Laughter ensues).
We have all these incongruous things happen that in a normal market are literally impossible. All the physical evidence we have suggests there is way more demand than supply in all those markets. And sooner or later there will be a failure to deliver. How long they can keep up the goings-on in the Comex and the LBMA when there are no real deliveries? We’ll see because we are not far from the time when there is nothing left to buy.
- Source, Eric Sprott via King World News:
