Harvey Organ at Harveyorgan.blogspot.com says the world is running out of physical gold and silver needed to suppress prices. Organ says when China and Russia disclose the true amount of gold they hold, there will be a price spike never before seen in the history of the world. Organ says, “You will see that you will go to sleep at night, and you will wake up the next morning and see gold bidding at $3,000 per ounce, and there will be no offer, and it will rise by $500 a day. It will come in 2014. They are running out, they don’t have it.”
The supplies for silver are even more strained and suppressed according to Organ. He says, “Silver is similar to what is going on in gold, but even better. In China, on September 22, they are going to have a futures market similar to Comex, but it will be in physical metal. You settle in physical metal. So, for the first time, you are going to see the pure price discovery mechanism work, and it’s going to be in total conflict to the crimes that are being committed on the Comex. Organ thinks silver will trade at “$200 per ounce” and says, “By December, this whole thing is going to collapse.”
Perth Mint Gold and Silver Bullion Sales Rise in August
September 10, 2014 By Michael Zielinski
Silver KookaburraThe Perth Mint of Australia has reported gold and silver bullion sales for the month of August 2014 that exceeded both the prior month and year ago levels. Silver bullion sales reached their highest level since January.
The jump in sales may have been attributed to last minute orders for the 2014 Australian Lunar Year of the Horse gold and silver bullion coins and 2014 Australian Kookaburra silver bullion coins. Sales for the products officially ended on August 29, 2014 in preparation for the launch of the 2015-dated releases on September 1, 2014.
For August 2014, sales of silver as coins and minted bars reached 818,856 troy ounces. This was well above the prior month sales of 577,988 ounces and also exceeded sales from the year ago period of 691,259 ounces.
The latest monthly total represented the second highest level of the year, only behind January when sales had reached 912,388 ounces.
For the year to date, silver sales have reached 4,825,180 ounces. This amount slightly trails the sales from the comparable year ago period of 5,172,099 ounces.
Monthly Perth Mint Bullion Sales in Troy Ounces
January 2014 64,818 912,388
February 2014 47,003 392,088
March 2014 30,177 545,165
April 2014 23,461 361,988
May 2014 36,127 630,349
June 2014 39,405 586,358
July 2014 25,103 577,988
August 2014 36,369 818,856
Total 302,463 4,825,180
Sales of gold as coins and minted products reached 36,369 troy ounces for August 2014. This was up from the prior month sales of 25,103 ounces and also up from the year ago period sales of 30,430 ounces.
For the year to date, gold sales have reached 302,463 ounces. This is far below the sales from the year ago period of 492,543 ounces.