Gold Is Getting Harder to Find

The increasing demand makes gold harder to find. We’re not talking about deposits in mines here. We’re saying that if you want anything more than a little bit of bullion you’ll find a lot less on the market.

“People are coming directly to us” for large gold purchases, says the CEO of one of the world’s biggest gold miners.

“They’re finding it’s very difficult to secure the volume of gold they want,” says Mark Cutifani of AngloGold Ashanti, in an interview with the website Bull Market Thinking. He describes these customers as “people who want tonnes of physical gold, people with serious financial muscle.

“That’s something we’ve noticed over the last 18 months, and it’s been increasing in the last six months. I think people are finding it’s hard to get physical gold” via other channels.

And if you visit the local coin shop on a week when the gold price slips from a peak, don’t expect you’ll be able to get a bargain that you can take home in your pocket. Last time we went looking, we had to call a bunch of dealers and finally get one to sell us some from his private stash.

So you’re probably wondering, if there’s a de facto gold standard at work in the markets—and increasingly popular in the minds of your average citizen, why isn’t there a national or international gold standard?

There used to be. And, we say, it’s inevitable that there will be again.

No nation in history has ever survived fiat money, money that did not have a precious metal backing. ...

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