Besra Gold Inc (BESAF)

[Spellbound]

Mike Ruppert: "There is virtually no gold out there to ship, at any price"

Ref - http://mikeruppert.blogspot.com/2008/10/mcr-wrote-hidden-gold-premium.html

Seated at my table was an executive for a precious metals company. What he told me was something I have seen suggestions of, but nothing made it as clear as his explanation. 1. There's virtually no gold out there to ship, at any price. #2. Major dealers are paying some serious premiums to actually get physical gold. I was told that currently the major vendors are paying a $70 an ounce premium over spot price when they order lots of 5,000 or more ounces. Order fewer than 5,000 ounces and the premiums are much higher and even then there's no guarantee of delivery. So what's being charged small retail customers who just want an ounce or two? The best answer I could come up with is "whatever the markets will bear". So the so-called posted spot price is now meaningless and I smell a possible (I emphasize the word "possible") embryonic black market for gold emerging.