According to the NYSE, gold is up today! The NYSE shows gold was up 17.40 to $1260.60- great news for those who hold gold… but, wait. That number is inconsistent with the U.S. Debt Clock, which shows gold at $7340 per ounce! That’s right. That is the actual correct number gold should be at right now.
And there is more good news! If you hold silver, the number the NYSE shows of $17.00 is a bit off according to the U.S. Debt Clock, as well. That number according to the U.S. Debt Clock is $813.17 per ounce.
According to David Morgan, the numbers on the U.S. Debt Clock is “is year-over-year increases in M2 money supply and yielding production of silver and gold in ounces. Or, you could say it’s the year-over-year production in ounces . . . and it’s an arithmetic problem. It’s dollars per ounce mined. As to why they are doing this, I don’t know, but I will take a stab at it. Maybe it is to get this out in the public where few are awake and aware. It’s obviously showing the gold/silver ratio is out of whack. . . . Both silver and gold are way undervalued.”
Combine that with all of the silver coin makers reporting high surges of silver purchases and now the head of CNT’s trade desk confirms that The Perth Mint has already entirely sold out of 2016 1 oz Silver Kookaburra‘s. The Perth Mint will not be taking further 1 oz Kook orders until the 2017 coins are out, and further, CNT itself has only 400 coins left in their vaults.
Now, many may not think the fact that The Perth Mint is sold out of their most popular silver bullion product by the first week of June is a big deal (and will assuredly be poo-poohed by those who are not up to date on all of shenanigans being played out behind closed doors right now).
So, to put this into perspective: the Perth Mint did not sell out of the 2015 1 oz Silver Kooks (the 25th anniversary edition no less!) until early January of 2016!
Think about this for a moment. The 2016 release had the identical mintage (500,000 coins) to the 2015, 25th Anniversary release, and the coin sold out in 1/3 the amount of time as last year- even with the 2nd half of 2015 experiencing historic silver shortages!