Saturday, April 20, 2013

Jim Willie - Golden Jackass Information from his April Hat Trick Letter: Physical Gold Premiums will be $500 or more in the near future, Silver 40%. Dealers Sold OUT Now



Jim Willie, The Golden Jackass and writer of the Hat Trick letter is allowing me to publish a little of his April subscriber Hat Trick Letter.

Jim emailed me this information today along with an article (and link) about physical gold and silver being bought out and major dealers do not have any for sale now.

Here are a few paragraphs (with his permission of publishing here) from Jim's April Hat Trick Letter for subscribers only:

_______________________________________________________________________________


PREMIUMS FOR GOLD PURCHASES WILL RISE QUICKLY. THE PROCESS HAS ALREADY BEGUN. THE GOLD PREMIUM WILL EVENTUALLY BE $500 TO $600 PER OZ, LIKE IN A COUPLE MONTHS, MAYBE A LITTLE LONGER. THE DIVERGENCE WILL BE VISIBLE IN REALTIME FOR GOLD, BUT FOR SILVER IT IS ALREADY 40%. PUBLIC DEFIANCE WILL RISE AGAINST THE BANKERS, LIKE WITH PREMIUMS IMPOSED. WATCH FOR LAWSUITS RELATED TO THE ALLOCATED GOLD ACCOUNTS. WATCH THE BAFIN INVESTIGATION AGAINST DEUTSCHE BANK, WHERE OFFICIALS ARE SIGNING IN A CHORUS. $$$



A client close to the gold trade in Dubai United Arab Emirates has offered to provide a regular update on the DBX gold price. My hope is to be updated almost daily, but that is asking too much, since he is busy running an office. The premium reading is like an EKG for a man suffering a heart attack with monitors attached. He wrote on Friday and again on Saturday, shooting updates. He wrote, "No more physical Au available in Dubai. The big refineries tell people they might be able to fill orders for 100 kg bars in a week or two, but they might not be bound to the screen price. Premium now $18 over spot Gold price and rising (on Friday). We shall see $500 over spot not before long. Investment grade Ag is already trading at 40% over spot if you want physical in volume. Saturday here in DXB and the premium is now $25. There is no physical anywhere. Now the premium is $30 (one hour later)." 

For newbies, Au means Gold and Ag means Silver. Some simple math permits one to conclude that a $500 premium could arrive in fifty days if it comes at $10 per day. My belief is that the full premium will come more quickly, as the jumps will tend not to be linear. The traders in control of scarce inventory will sense the injustice and smell the destination of a true valid Gold price!!



The defiance against the criminal power jockey bankers will be visible in the open very soon, with public statements and calls for lawsuits and prosecution. Worse, the events and premium rise will be accompanied by direct formal action taken against thefts of Allocated Gold Accounts. Watch the German story, since the political response by their Parliament has begun for repatriation of their national account held (sold) by the New York Fed. The latest chink in the armor is a BAFIN investigation against Deutsche Bank in Germany. Several high level officials wish to avoid prison time, which motivates them to sing in a chorus tune. They are providing information on the $79 trillion in D-Bank derivatives, which permitted them to do illicit balance sheet extensions in the past. It is all tied to gold and the malfeasance behind the gold account management.

_________________________________________________________________________

Jim had sent me the below about physical demand of metals being off the chart.  



PHYSICAL DEMAND OFF THE CHARTS!
We are in the midst of experiencing two of the most radical weeks in the history of the precious metals markets. Paper prices for gold and silver, those prices determined by the fraudulently managed commodities exchanges (namely the COMEX and the London Bullion Marketing Association – LBMA) and regulated by the equally corrupt and complicit Commodities Futures Trading Commission (CFTC), have been driven into the basement.
Simultaneously, the available physical supplies of precious metals, especially silver, have suddenly nearly disappeared. Some of the most extreme shortages for silver in memory have caused premiums for all types of bullion and coins to skyrocket. Nearly all major wholesalers in the United States, and for that matter the world, are completely out of stock for smaller denominated silver rounds and bars, with no projected delivery dates in sight. This phenomenon is a worldwide event.
Here is a brief overview of the extraordinary world events highlighting the tremendous surge in precious metals demand.
India
Last week, the highly reputable Business Standard of India reported that there are “acute” shortages of gold in southern India. Reports the Standard, “Major jewelry manufacturing centers in southern India are facing an acute shortage of gold ahead of the wedding season despite the industry’s claim to have seen a record import of the yellow metal last financial year.”
Thailand
US ex-patriots living in Bangkok are reporting that gold dealers in that city are completely out of bullion products other than minor amounts of jewelry. These reports are stating that there is not one ounce of gold bullion available for sale! Dealers are taking orders but these are limited to 2.5 ounces per person.
China
Gold demand is surging. China’s domestic gold consumption is outpacing its internal production 5.5 to 1. China’s mining output was up 5.8% in 2011 but its domestic consumption of the yellow metal increased by 33%.
Hong Kong
Reports from Hong Kong have seen line-ups out the doors of precious metals dealers. Dealers are reporting massive buying with almost zero selling. Some dealers are reporting that they have sold more gold in one day than they normally do in three months with walk-up clients buying over a million dollars in gold with cash and taking it out the doors in gym bags!
Europe
Dutch Bank Shuts Down Gold Deliveries
Possible major shortages of its clients’ deliverable gold has forced Dutch megabank ABN Amro last month to dramatically change its custodian rules. ABN Amro announced March 24th that it “will no longer allow physical delivery.” Hysterically, ABN Amro account managers attempted to soothe their clients by saying, “You need to do nothing” as “we have your investments in precious metals.”
Major German Auto Manufacturer Hoarding Silver
It is being reported from Switzerland that a world famous German automaker is now resorting to storing thousands of pounds of .999 fine silver for perceived future shortages. The company’s purchasing manager has been quoted saying, “For some metals, like silver, there’s no such thing ‘just in time’ delivery anymore.” It has further been reported that this company is buying every available ounce it can in preparation for severe world shortages.
Switzerland to Buy a Stunning 1,000 Tons of Physical Gold?
A political movement inside Switzerland has acquired one hundred thousand signatures towards new legislation to eliminate future gold sales by the Swiss National Bank as well as to require the Swiss government to buy back immediately one thousand tons of gold that it already sold. If this becomes law, it will have a significant impact on tightening world gold supplies.
United States
16% of US Annual Silver Production Vaporized in Mine Collapse
A massive landslide at Rio Tinto’s Kennecott mine in Utah, on April 12, 2013, has wiped out five million ounces of annual silver production and five hundred thousand ounces of gold production. Taking into account that the US Treasury requires all US Eagles be manufactured exclusively with US mined gold and silver, the extreme shortages of these products can only increase.
US Mint Reports Massive Silver Sales
The US Mint reported that it has sold one 1.645 million ounces of Silver Eagles through the first six business days in April, bringing its 2013 total to an extraordinary 15.868 million ounces this year. This is on pace to completely crush the current annual record. Because of unprecedented demand, all dealers are on very tight allocations with almost all retailers as well as major wholesalers completely out of stock. Earliest expected shipments are at least 4 – 6 weeks out!
US Mint Gold Sales Setting Monthly Records
In April 2012, the US Mint sold 20,000 ounces of gold bullion coins. As of April 16th this year, the US Mint has sold over 50,000 ounces of gold and the month is only half over!!
Precious Metals Sell/Buy Ratio Going Hyperbolic
An unofficial but reputable survey of US bullion wholesalers is reporting a sales to buy ratio over 50 to 1. There are no forecasts for this to ease any time soon.
Huge Wholesale Premium Increases
Unprecedented shortages in silver have resulted in huge premium increases for silver dealers at all levels. Premiums for US Eagles and Canadian Maple Leafs have jumped $1 in the last week.
Premiums for “junk silver” are completely off the charts. It has been reported to us that buyers in areas such as northern New Jersey are paying an incredible $9 an ounce over spot for pre-1965 US silver coins. As far as we know, this may be the highest in history. Wholesale premiums for “junk silver” have risen 2,000 percent in the last six months. Most importantly, there is almost none to be found anywhere. Some dealers are taking orders with three months waiting time.
Zero Inventories at Major Private US Mints
Two of the largest silver bullion fabricators in North America, A-Mark Precious Metals of Santa Monica, California, and the NTR Bullion Group of Dallas, Texas, have just notified their retail dealers that they have suspended sales of most of their silver products. A-Mark has announced that it is ceasing taking orders for all its one ounce, ten ounce, and one hundred ounce rounds and bars. There is no projected date for resumption of sales!
Retail Coin Stores Completely Out of New Stock
It is being reported to us that the majority of local retail coin dealers are entirely out of stock of any silver products. Our unofficial surveys reveal almost no customers selling where buying requests are reaching a frenzied level. The silver shortage situation is fast approaching the extreme level currently experienced in ammunition sales. Basically, neither can be found!
Ladies and gentlemen, it is becoming patently obvious that world citizens are waking up fast to the inherent risks of fractional reserve private central banking, and the extreme threat that burgeoning government debt means for them. Wise people everywhere are no longer looking for yield but are seeking safety in ever increasing numbers. And, they are looking for it hard and fast. What they are finding is the ultimate safety for wealth protection, namely, gold and silver.



As I have stated before, Jim gives real information that everyone needs to know about what is really happening in the physical world of Gold and Silver.   

Edit to add - My Interview of David Morgan- Silver-Investor.com this morning 4/20/13 about Silver and the U.S. will Go Cyprus per Federal Reserve. 

UPDATE - 10:15 pm - CONFIRMS everything Jim has said.. Zerohedge about gold and getting hard to get physical. 

29 comments:

  1. Thanks for the great information, and it is appreciated to read Jim's letters.
    I wish more people would open their eyes and minds to what is about to happen with regards to our banking and financial system.
    I am an old believer that "If you don't hold it, and possess it, in your hands, you do not own it!

    ReplyDelete
  2. i called up some dealers Wednesday and gold eagles where going for 40 dollars over spot and that was the cheapest i could find around Denver. i heard highs of 70 dollars over spot but most other where sold out are said they where sold out.i also asked about silver that was going for 6 dollars over spot.the day before it was 4.50 over spot and a week before was 2 dollars.if you can find it i suggest buy.everyone knows spot price is reflection of paper contracts value not actual physical value.do be fooled why do you think gold was 343.00 to 416.00 in 2003 just ten years ago paper currency is losing value

    ReplyDelete
  3. I called dealers in Canada. They are out of silver coins and not taking orders right now. They asked me to call back sometime in May. Maybe they would have more info then.

    ReplyDelete
  4. As an investor in gold I'm obviously positive on the prospects but find articles like this less then worthless. I've been dealing with Hannes Tulving since 2000. I know he is one of the largest dealers and if you wanted to place a 7 figure order with him here and now he would it at a very reasonable premium over spot. If he can ready fill orders of that size then articles about dealers being sold out and 500 dollar prems are to sell newsletters to the uninformed

    ReplyDelete
    Replies
    1. yes well if you goggle ,Hannes Tulving you will find that even he is having problems. and that is reflected in his attitude towards those placing orders.

      Delete
    2. Yep, his site has "SOLD OUT" on almost every single thing. I have looked.
      Everyone can check for themselves.
      http://www.tulving.com/goldbull.html

      Delete
    3. I'm not talking about goggling Tulving I'm talking about calling him and placing an order. If you want silver from NTR or austrian phils you can get it. If you want gold he has a large variety of product available. Again I invest in the metals but to say you need to pay $500 prem to buy gold is total BS and doesn't serve the bullish cause. As far as silver a lot of the problem is the mints. It takes time to mint the coins when there is an increase in demand because like any business the mints prepare for the average demand not short duration spikes

      Delete
    4. No one is saying there is 500 premiums right now at all. Did you read the info?

      Delete
    5. Er....I just received an email from Hannes yesterday and the premium on 1 oz silver eagles is now $5 per ounce. Junk 90% silver U.S. coins now have a premium of $4 per ounce. This is for wholesale buyers who order a minimum of $20K per order.

      Delete
  5. Ampex had 38,000 silver maples on Wed. I ordered 150. On Fri I decided to order another 150 and they were out of stock. They now only have some rounds and bars left and by next week they will be closed. If you don't think something big is coming down then you are blind.

    ReplyDelete
    Replies
    1. It is Saturday, 04/20/13 and APMEX web site has rolls of silver eagles now and so it is not true that they are out of stock.

      Delete
    2. Apmex is selling Silver eagles which are in stock, but with a prem of $8.46 over spot and up. If you can wait till the 30th then its over $6 per oz.

      Delete
    3. but did you place an order. a lot of time they say they have it till you place the order. then you are told out of stock. happens with many things much like ammo

      Delete
    4. That is what my "inside sources" (former intelligence and high rank military) have said and I wrote about a couple of months ago. Ammo, metals, food are what people need to get going on. People will find out they need it when it is too late.

      Delete
    5. "AnonymousSaturday, April 20, 2013 at 8:04:00 PM EDT

      It is Saturday, 04/20/13 and APMEX web site has rolls of silver eagles now and so it is not true that they are out of stock. "

      AMPEX - 2013 1 oz Silver American Eagle (Apr 30th)

      These items are on a slight delay. We EXPECT to be able to ship these items by April 30th or sooner. They are not in stock.

      Delete
  6. Up here in Wisconsin I hit up all my dealer friends to see if I could snag a deal nothing I tell you all are holding tight to the before crash price and will continue to even if silver were to go to 5 bucks there has been a real strain on supplies. The best deal I got were 22 times face for junk and 6 over spot for silver rounds I am stocked up on everything else now to hit the silver and gold! My suggestion to everyone else is to do the same starting like yesterday!

    ReplyDelete
  7. ON May 1st a coordinated consentrated world wide buying spree for silver will go into effect. Started by the Sound Money Campaign. A list of all wholsale and retail dealers taking part in this effort will be sent out to those buyers taking part in the effort. Mission - force a Comex & LBMA default. Smash Wall St, London and the Power of the crimminal central banks. http://www.soundmoneycampaign.com/videos/truth-rises-coordinated-strikes-work-ways-1st-2013 JOIN AND SPREAD THE WORD

    ReplyDelete
  8. Does anyone know if and when a 'new' PHYSICAL metals exchange is to open (as opposed to the existing PAPER exchange - the COMEX) ?

    I bet the infamous Chicago Mafia boss Al Capone would never have believed his 'boys' would not only take over the Chicago numbers rackets.... but eventually the entire western world banking system and commodity markets and... the US government.

    I'll send some black roses to the COMEX on his birthday!!!

    ReplyDelete
  9. My dealers in Channel isles report plenty of Silver with usual sold out in odd bullion.As there always is. Same in Europe generally. No big shortage but a delivery delay in SOME because of the situation. PLENTY available. Where is this Hype coming from? Look at the real facts. Not what shills in n america adsensed websites proclaim .

    ReplyDelete
    Replies
    1. Hello,
      I am afraid its not shills in the US, nor is it 'hype' regarding precious metal shortages. BUT the truth as a UK citizen... is... and it deeply saddens me to say.............. 99% of UK citizens are completely and utterly oblivious to the seriousness of the worlds financial situation - most are happy with their debt and believe the banks will honour the 85,000 GBP insurance if a bank or indeed the banking system as a whole collapses.

      THIS is the reason - the *** ONLY*** reason why there is less of a gold / silver shortage in the UK than elsewhere.

      *** A STATE OF TOTAL - ABSOLUTE DENIAL OF ANY PROBLEMS IN THE FINANCIAL SYSTEM EXISTS IN THE UK TODAY *** !!!!

      Delete
  10. Plenty Silver in Europe. No problems. Even AEs whats the problem? Some dealers say it might take a few days for delivery because of the volume but otherwise OK. Seems to be a frenzy of N american folks believing heavily adsensensed websites talking nonesense.

    ReplyDelete
    Replies
    1. How many times are you going to try and convince everyone of that? Especially when there are many comments above you, saying the contrary.

      Delete
  11. There is loads of silver available. Whatts this nonesense from N america?

    ReplyDelete
    Replies
    1. sussit- thanks for the info! i've been tracking gold / silver bullion in n america...
      tulving advertises gold at spot + $58. apmex has 2013 gold eagles at spot + ~$80 or under 6% premium over spot. that seems 100% normal. there is no lead time on gold. Apmex's 2013 silver eagles sell for ~$30, $7 or 30% over spot with about a 1 week lead time for delivery. Banco Azteca in Mexico is selling Libertad 1 oz silver coins for about $5.50 over spot.

      i'd like to see some hard evidence that dealers are totally out. oddly, the only real info. we are getting is from the mints -- not sure where people are getting $1,600 gold from. Also, I haven't bought gold since 2008-2009-- would like to know what typical premiums are.

      i'm a gold bug and have no doubt that people (my interest is super high again-first time since 2008-9 buying physical) feel that buying gold is insurance against bank asset seizures. i'm also confident that any real shortage will show a non-linear jump in price. that said, i feel a little betrayed by the gold commentator community shouting fire about coin shortages.

      Delete
    2. I have faith that those reading this information, knows and understands who is trying to help them and who it not. People can easily go to the sites and see what is available and what says "SOLD OUT." The readers do their research and they are awake and aware enough to see what is truth or not in comments.

      Delete
  12. Gainsville Coins is out of stock on everything it seems. They have been the least expensive retailer that I've bought from. They won't ship any silver until 5-17-13. I just checked their site for accuracy and they will now not be shipping anything silver that I could find untill 5-31-13.

    ReplyDelete
  13. I apologize, some items are still scheduled to ship on 5-17-13.

    ReplyDelete
  14. I see it like this: A large majority of these bullion dealers purchased their silver or gold prior to this recent fall. That being said, the bullion dealers do not want to sell at a lost. The only way to get profit is to jack up the over spot premiums on the previously purchased metals. Now the public loves a bargain, so everyone was waiting for the drop, as it occurred, people joined in to purchase on the dip. The dealers need to recoup, so up goes the premium. Are the dealers short? Yes, because they do not want a bath on previously purchased metals at higher prices, so they try to do 'just in time' pricing from the mints on current orders so they don't buy at a higher price and sell at a lower price. The mints run on projected estimates, just like the rest of the world does. All this means is, that with a rigged situation by the major houses, JPM&C and GS, volatility will occur. Buy on the dip. Don't believe the bullion dealers or the big houses as they are all in it for profit. Profit isn't a bad thing, it is just rigged right now. Remember this, the bullion dealers are willing to sell you metals they believe are worth more than paper (which they are, but you can't eat gold or silver or shoot a deer with them). If the metals were worth that much more, as they lead you to believe, why would they sell it, when in a weeks time they could get a higher price for it? They are a middle man and only make money when the transaction occurs. Buyers beware on the dip and on the rise. According to the dealers, anytime is a good time to buy -- for them that is.

    ReplyDelete
  15. Have just encountered your page and I guess you should be complimented for this piece. More power to you!

    ReplyDelete