THE GREAT 2013 GOLD HEIST : Exploding Demand & Falling Supply
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.
If we go back to Thomas Reuters GFMS 2013 Gold Market Outlook from earlier this year (April), here were their supply & demand forecasts. (NOTE: I will be referring to Thomson Reuters GFMS as just GFMS in the figures and article below).