Jim Willie - Golden Jackass Information from his April Hat Trick Letter: Physical Gold Premiums will be $500 or more in the near future, Silver 40%. Dealers Sold OUT Now

Jim Willie, The Golden Jackass and writer of the Hat Trick letter is allowing me to publish a little of his April subscriber Hat Trick Letter.

Jim emailed me this information today along with an article (and link) about physical gold and silver being bought out and major dealers do not have any for sale now.

Here are a few paragraphs (with his permission of publishing here) from Jim's April Hat Trick Letter for subscribers only:

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PREMIUMS FOR GOLD PURCHASES WILL RISE QUICKLY. THE PROCESS HAS ALREADY BEGUN. THE GOLD PREMIUM WILL EVENTUALLY BE $500 TO $600 PER OZ, LIKE IN A COUPLE MONTHS, MAYBE A LITTLE LONGER. THE DIVERGENCE WILL BE VISIBLE IN REALTIME FOR GOLD, BUT FOR SILVER IT IS ALREADY 40%. PUBLIC DEFIANCE WILL RISE AGAINST THE BANKERS, LIKE WITH PREMIUMS IMPOSED. WATCH FOR LAWSUITS RELATED TO THE ALLOCATED GOLD ACCOUNTS. WATCH THE BAFIN INVESTIGATION AGAINST DEUTSCHE BANK, WHERE OFFICIALS ARE SIGNING IN A CHORUS. $$$

A client close to the gold trade in Dubai United Arab Emirates has offered to provide a regular update on the DBX gold price. My hope is to be updated almost daily, but that is asking too much, since he is busy running an office. The premium reading is like an EKG for a man suffering a heart attack with monitors attached. He wrote on Friday and again on Saturday, shooting updates. He wrote, "No more physical Au available in Dubai. The big refineries tell people they might be able to fill orders for 100 kg bars in a week or two, but they might not be bound to the screen price. Premium now $18 over spot Gold price and rising (on Friday). We shall see $500 over spot not before long. Investment grade Ag is already trading at 40% over spot if you want physical in volume. Saturday here in DXB and the premium is now $25. There is no physical anywhere. Now the premium is $30 (one hour later)." 

For newbies, Au means Gold and Ag means Silver. Some simple math permits one to conclude that a $500 premium could arrive in fifty days if it comes at $10 per day. My belief is that the full premium will come more quickly, as the jumps will tend not to be linear. The traders in control of scarce inventory will sense the injustice and smell the destination of a true valid Gold price!!

The defiance against the criminal power jockey bankers will be visible in the open very soon, with public statements and calls for lawsuits and prosecution. Worse, the events and premium rise will be accompanied by direct formal action taken against thefts of Allocated Gold Accounts. Watch the German story, since the political response by their Parliament has begun for repatriation of their national account held (sold) by the New York Fed. The latest chink in the armor is a BAFIN investigation against Deutsche Bank in Germany. Several high level officials wish to avoid prison time, which motivates them to sing in a chorus tune. They are providing information on the $79 trillion in D-Bank derivatives, which permitted them to do illicit balance sheet extensions in the past. It is all tied to gold and the malfeasance behind the gold account management.

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Jim had sent me the below about physical demand of metals being off the chart.  

http://www.libertygoldandsilver.com/GoldandSilverBlog/?p=174

PHYSICAL DEMAND OFF THE CHARTS!

We are in the midst of experiencing two of the most radical weeks in the history of the precious metals markets. Paper prices for gold and silver, those prices determined by the fraudulently managed commodities exchanges (namely the COMEX and the London Bullion Marketing Association – LBMA) and regulated by the equally corrupt and complicit Commodities Futures Trading Commission (CFTC), have been driven into the basement.
Simultaneously, the available physical supplies of precious metals, especially silver, have suddenly nearly disappeared. Some of the most extreme shortages for silver in memory have caused premiums for all types of bullion and coins to skyrocket. Nearly all major wholesalers in the United States, and for that matter the world, are completely out of stock for smaller denominated silver rounds and bars, with no projected delivery dates in sight. This phenomenon is a worldwide event.
Here is a brief overview of the extraordinary world events highlighting the tremendous surge in precious metals demand.
India
Last week, the highly reputable Business Standard of India reported that there are “acute” shortages of gold in southern India. Reports the Standard, “Major jewelry manufacturing centers in southern India are facing an acute shortage of gold ahead of the wedding season despite the industry’s claim to have seen a record import of the yellow metal last financial year.”
Thailand
US ex-patriots living in Bangkok are reporting that gold dealers in that city are completely out of bullion products other than minor amounts of jewelry. These reports are stating that there is not one ounce of gold bullion available for sale! Dealers are taking orders but these are limited to 2.5 ounces per person.
China
Gold demand is surging. China’s domestic gold consumption is outpacing its internal production 5.5 to 1. China’s mining output was up 5.8% in 2011 but its domestic consumption of the yellow metal increased by 33%.
Hong Kong
Reports from Hong Kong have seen line-ups out the doors of precious metals dealers. Dealers are reporting massive buying with almost zero selling. Some dealers are reporting that they have sold more gold in one day than they normally do in three months with walk-up clients buying over a million dollars in gold with cash and taking it out the doors in gym bags!
Europe
Dutch Bank Shuts Down Gold Deliveries
Possible major shortages of its clients’ deliverable gold has forced Dutch megabank ABN Amro last month to dramatically change its custodian rules. ABN Amro announced March 24th that it “will no longer allow physical delivery.” Hysterically, ABN Amro account managers attempted to soothe their clients by saying, “You need to do nothing” as “we have your investments in precious metals.”
Major German Auto Manufacturer Hoarding Silver
It is being reported from Switzerland that a world famous German automaker is now resorting to storing thousands of pounds of .999 fine silver for perceived future shortages. The company’s purchasing manager has been quoted saying, “For some metals, like silver, there’s no such thing ‘just in time’ delivery anymore.” It has further been reported that this company is buying every available ounce it can in preparation for severe world shortages.
Switzerland to Buy a Stunning 1,000 Tons of Physical Gold?
A political movement inside Switzerland has acquired one hundred thousand signatures towards new legislation to eliminate future gold sales by the Swiss National Bank as well as to require the Swiss government to buy back immediately one thousand tons of gold that it already sold. If this becomes law, it will have a significant impact on tightening world gold supplies.
United States
16% of US Annual Silver Production Vaporized in Mine Collapse
A massive landslide at Rio Tinto’s Kennecott mine in Utah, on April 12, 2013, has wiped out five million ounces of annual silver production and five hundred thousand ounces of gold production. Taking into account that the US Treasury requires all US Eagles be manufactured exclusively with US mined gold and silver, the extreme shortages of these products can only increase.
US Mint Reports Massive Silver Sales
The US Mint reported that it has sold one 1.645 million ounces of Silver Eagles through the first six business days in April, bringing its 2013 total to an extraordinary 15.868 million ounces this year. This is on pace to completely crush the current annual record. Because of unprecedented demand, all dealers are on very tight allocations with almost all retailers as well as major wholesalers completely out of stock. Earliest expected shipments are at least 4 – 6 weeks out!
US Mint Gold Sales Setting Monthly Records
In April 2012, the US Mint sold 20,000 ounces of gold bullion coins. As of April 16th this year, the US Mint has sold over 50,000 ounces of gold and the month is only half over!!
Precious Metals Sell/Buy Ratio Going Hyperbolic
An unofficial but reputable survey of US bullion wholesalers is reporting a sales to buy ratio over 50 to 1. There are no forecasts for this to ease any time soon.
Huge Wholesale Premium Increases
Unprecedented shortages in silver have resulted in huge premium increases for silver dealers at all levels. Premiums for US Eagles and Canadian Maple Leafs have jumped $1 in the last week.
Premiums for “junk silver” are completely off the charts. It has been reported to us that buyers in areas such as northern New Jersey are paying an incredible $9 an ounce over spot for pre-1965 US silver coins. As far as we know, this may be the highest in history. Wholesale premiums for “junk silver” have risen 2,000 percent in the last six months. Most importantly, there is almost none to be found anywhere. Some dealers are taking orders with three months waiting time.
Zero Inventories at Major Private US Mints
Two of the largest silver bullion fabricators in North America, A-Mark Precious Metals of Santa Monica, California, and the NTR Bullion Group of Dallas, Texas, have just notified their retail dealers that they have suspended sales of most of their silver products. A-Mark has announced that it is ceasing taking orders for all its one ounce, ten ounce, and one hundred ounce rounds and bars. There is no projected date for resumption of sales!
Retail Coin Stores Completely Out of New Stock
It is being reported to us that the majority of local retail coin dealers are entirely out of stock of any silver products. Our unofficial surveys reveal almost no customers selling where buying requests are reaching a frenzied level. The silver shortage situation is fast approaching the extreme level currently experienced in ammunition sales. Basically, neither can be found!
Ladies and gentlemen, it is becoming patently obvious that world citizens are waking up fast to the inherent risks of fractional reserve private central banking, and the extreme threat that burgeoning government debt means for them. Wise people everywhere are no longer looking for yield but are seeking safety in ever increasing numbers. And, they are looking for it hard and fast. What they are finding is the ultimate safety for wealth protection, namely, gold and silver.

As I have stated before, Jim gives real information that everyone needs to know about what is really happening in the physical world of Gold and Silver.   

Edit to add - My Interview of David Morgan- Silver-Investor.com this morning 4/20/13 about Silver and the U.S. will Go Cyprus per Federal Reserve. 

UPDATE - 10:15 pm - CONFIRMS everything Jim has said.. Zerohedge about gold and getting hard to get physical.