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CTN WATCHMAN ON THE WALL PROPHETIC CYBER STALKING

Gold vaults in London ‘virtually empty’ as 26 MILLION ounces flow to China ‘NEVER to return’

With gold trading below $1200 today, and a weekly close of $1208 very much needed today to stop a fall towards $1100 (as we pointed out here), it’s worth remembering that the big story for gold in 2013 hasn’t been the 25% decline – rather it is the fact that month-in month-out gold has been flowing by the hundred-tonne from gold vaults in the West to gold vaults in the East – where it is very likely it will remain for many, many years to come.

Well now it seems finally that this massive gold flow from West to East is finally being mentioned in the MSM. See below a clip from Bloomberg featuring Kennith Hoffman saying exactly what we’ve been saying for the past year:

I think the bigger story rather than the decline in [the] gold [price], is “what has actually happened to the gold?”.

The is exactly what we said back in November:

The real story for gold in 2013 hasn’t been the 20% price drop, which has been coveredad-nausaum in the MSM. Rather, the huge story, that up until very recently has been totally ignored, or vaguely referred to, by the MSM, is that quietly and with little fanfare, hundreds-upon-hundreds of tonnes of gold is being shipped out of vaults in the West and moving to its new home in the East, month-in month-out.

Hoffman continues:

You could go into a vault in London a couple of years ago and they were packed to the rafters with gold… you can walk into those same same vaults today and they’re virtually empty.All that gold has been transferred out of London, 26 million ounces, has gone to switzerland, where it has been recast into a higher grade and shipped off to HK and then into China never to return.

So what’s going to happen if/when the West’s appetite for gold picks up?

That gold is just not there anymore, it’s really amazing, they’re building these 2000 metric tonne vaults [see link above] to store gold all over Asia, the Chinese don’t want to hold dollars anymore they want to hold gold.

So there you go, finally the actual story about gold that matters has made it into the MSM – and the simple fact of the matter is that the physical gold that once was in London and the West has quietly been shipped off to China – never to return.

It are these sorts of facts that will one day matter, and in a large way – not the price. And when it is fully realised just what has happened to the West’s gold, good luck trying to find somebody in the East to sell it back to you at these prices, because it simply isn’t going to be there.