{"id":392362,"date":"2017-01-15T14:26:38","date_gmt":"2017-01-15T19:26:38","guid":{"rendered":"https:\/\/goldtadise.com\/?p=392362"},"modified":"2017-01-15T14:26:38","modified_gmt":"2017-01-15T19:26:38","slug":"how-the-west-has-been-selling-gold-into-a-black-hole-koos-jansen","status":"publish","type":"post","link":"https:\/\/goldtadise.com\/?p=392362","title":{"rendered":"How The West Has Been Selling Gold Into A Black Hole: Koos Jansen"},"content":{"rendered":"

Here is why the next gold bull market\u00a0will be amazing. Excellent post by Koos Jansen as usual.<\/p>\n

https:\/\/www.bullionstar.com\/blogs\/koos-jansen\/how-the-west-has-been-selling-gold-into-a-black-hole\/<\/p>\n

 <\/p>\n

\u201cSelling gold is not a one way street\u201d, wrote Green in 1987. But guess what. Since a few years \u2013 from the moment China became an elephant player in the physical market \u2013 selling gold is a one way street! Western sell-offs are transhipped to China but do not return. The global gold game has changed.<\/p>\n

The consequence is that there are less above ground reserves outside of China<\/em> for Western investors to buy in a forthcoming bull market, which will elevate the dollar bid per unit gold \u2013 in other words the gold price measured in US dollars per troy ounce.<\/figcaption><\/figure>\n

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Keep in mind, this phenomenon (China importing vast quantities in addition to Chinese consumer gold demand<\/em> as disclosed by GFMS) has greatly materialized in 2013, when gold entered a bear market after an 11-year run up. In the previous bull market (2002-2012) above ground reserves outside of China <\/em>had not been slashed yet. So the ramifications of this phenomenon will only be felt during the next leg up.<\/figcaption><\/figure>\n

Is there any proof to substantiate my hypothesis? I think so. Early 2016 there was some renewed interest in yellow metal\u00a0from large Western investors. When the price of gold started to climb it went practically vertical ending the first quarter of 2016 up 16.7 %, the strongest quarter since 1986. Coincidence? I think not. It went up strong as it did because there were fewer ounces in above ground reserves available.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Here is why the next gold bull market\u00a0will be amazing. Excellent post by Koos Jansen as usual. https:\/\/www.bullionstar.com\/blogs\/koos-jansen\/how-the-west-has-been-selling-gold-into-a-black-hole\/   \u201cSelling gold is not a one way street\u201d, wrote Green in 1987. But guess what. Since a few years \u2013 from … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":2676,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-392362","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/392362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/users\/2676"}],"replies":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=392362"}],"version-history":[{"count":0,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/392362\/revisions"}],"wp:attachment":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=392362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=392362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=392362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}