Commodity Trade Mantra

Posts Tagged ‘Gold Shortage’

Gold Shortage, Worst In 21st Century... And India Just Made It Worse

One event that may stretch the already ridiculous disconnect between physical & swap-based gold, is that India scrapped a rule mandating traders to export 20% of all gold imported into the country, in a surprise move that could cut smuggling and raise legal shipments into the world’s second-biggest consumer of the metal after China.

Data Shows That Gold Shortage Is Coming

Eric Sprott expects a “significant re-rating of the gold price” due to high physical demand from China & India, coupled with a gold supply shortfall. The effect, which he calls the “Chinese Gold Vortex,” is rapidly taking physical gold from West to East. When the West runs out of gold, the price should go much higher.

Gold and Silver at ‘Historic Undervaluation’

The fundamentals that should be driving the price couldn’t be better. At the same time, because the price of both gold and silver have been driven down relentlessly – going on two and a half years now, the degree of undervaluation against any method that I look at is approaching historic records.

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