from Silver Doctors:
The stacking of gold is off the charts! What’s this nation up to, why has it stacked so much physical, and what’s this nation preparing for? Find out here…
The Bank of Mongolia has purchased 18.9 tons of gold in the first 11 months of 2018.
Nearly nineteen tons.
No big deal, right?
Actually, it is a huge deal, and as you read on, you will find out why.
More from Xinhua:
ULAN BATOR, Dec. 4 (Xinhua) — The Bank of Mongolia, the central bank, has purchased 18.9 tons of gold from legal entities and individuals in the first 11 months of this year, the same as last year’s figure during the same period, according to a statement issued on Tuesday.
As of November, the bank’s average gold purchase price was 100,995.34 Mongolian tugriks (about 38 U.S. dollars) per gram.
The bank, which bought 20.01 tons of gold last year, has set a goal to buy 22 tons of gold by the end of this year.
We can see the World Gold Council (WGC) has been (kind of) showing the increase:
If Mongolia purchased over 18 tons last year, but the World Gold Council has Mongolia starting 2017 with 1 measly ton, and ending 2017 with 4 measly tons, then something doesn’t jibe.
The World Gold Council’s numbers are rubbish, and we can clearly see that gold demand is much greater than what we’re officially being told. I mean, who would you believe?
The World Gold Council?
I’d take Mongolia’s numbers over the World Gold Council’s numbers any day.
Why is all this stacking being covered-up by the “go to authorities”?
It can be summed up in one word: Eyebrows.
The situation in the global economy is so dire right now, that not one eyebrow can be raised.
But the WGC covering-up Mongolia’s stacking isn’t the only point I want to bring home.
The next point I want to make speaks to the urgency of all this accumulation of physical gold, so for the purposes of making the point, we’ll assume Mongolia only has 7 tons of gold in total as claimed by the WGC.
That WGC “official gold reserves” graph only runs through the second quarter of 2018. From the 1st quarter to the second quarter, the graph shows that Mongolia added 4 tons. But, if Mongolia has added 18.9 tons in the first eleven months of 2018 as Mongolia claims, this means Mongolia has been stacking big time since the second quarter.
I’ve decided to take the liberty to estimate what the graph would look like if we were to update it today, December 5th, 2018.
To do that, I need to add 14.9 tons to the total, because the WGC only shows a 4 ton gain so far this year.
Adding the tonnage and estimating the scale, here’s what Mongolia’s gold reserves look like if we updated the chart today:
Oh. My. Goodness.
If I were to draw the graph with the 18.9 tons from last year, the graph would literally be off the chart!
The data point from today barely fits as it is!
What does Mongolia know?
What is Mongolia planning for?
It’s quite simple really.
Fist of all, this is the continuing theme of “de-dollarization”.