Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: TrueScouse who wrote (11456)	11/13/2009 2:06:41 PM
From: Wade	Read Replies (1) of 48092

That rush of demand was due to build up of unbalanced distribution of gold. When a crowd start to correct the unbalanced situations due to monetary issues the price will spike. History showed this over and over again. Those events were just a small blip in the thousands years since gold was used as currency. He was only talking about a small blip. What will happen to the price of gold if all of the gold miners stop mining and delivering gold for one year, if their production is so small comparing to the world stockpile? Those trading every day trading volumes of 650 tonnes at LBMA are just paper trading by traders to scalp small profits among the traders, real physical movement is much much lower. If 650 tonnes is so big, will the market react strongly or hardly any thing if we remove 5 tonnes (less than 1% of LBMA trading) of physical gold from the market every day?

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