Stronger Reasons for Buying Gold/Silver Right Now

by Michael Noonan
Market Oracle

Almost all of those in the precious metals community are avid consumers of news and statistics pertaining to gold and silver [PMs], such has how many tonnes of gold are being purchased by China, mostly. How much gold does China really own, certainly far more than the “official figures” provided by the Chinese, and certainly far less than that country admits.

Then there are the ongoing published figures of how many gold and silver coins that are being purchased each month, one record month leading to another. “Demand is going through the roof!!” Coupled with those figures are mining supplies v world demand, especially bullish for silver, almost beyond imagination. Added to the mix are the COMEX and LMBA, paper perpetrators of fraud, ruled by the moneychangers and not by the exchanges themselves. These now illegitimate exchanges no longer function as exchanges where one can take delivery on the contract[s] owned.

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