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Gold/Mining/Energy : Gold Price Monitor
GDXJ 106.75-0.5%Dec 3 4:00 PM EST
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To: Zardoz who wrote (40116)9/8/1999 9:58:00 AM
From: Bob Dobbs  Read Replies (1) of 116791
 
Dear Hutch:

Thanks for pointing out Bob Johnson's data, much of which I am already familiar with and not surprisingly, agree with. To see the entire picture, one must look at the statistics from GFMS and the WGC, together with other valuable info, such as that contained in Veneroso's Gold Book Annual. I refer you to the latter document for the most complete picture.

When Bob Johnson refers to 8 million ounces a year in official gold he's referring to outright sales from reserves, not gold LEASES, which are not reflected in reserve figures.

Now let's get back to the questions: Who are these "institutional companies" you refer to? Where's this evidence about a conversion of bar into coin?

Bob
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