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Gold/Mining/Energy : Gold and Silver Mining Stocks
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To: marynell who wrote (2245)9/20/2001 1:19:54 PM
From: goldsheet  Read Replies (1) of 4051
 
<A big change in jewelry demand may be 20% year-to-year, whereas a big change in investment demand may be 2,000% year-to-year. >

In the last decade, investment demand (coins and bars) has been as high as 700mt, and as low as 46mt (last year). There has never been a year when year-to-year investment demand jumped more than 100% (1996-to-1997 was the best going from 247mt to 422mt, up about 70%)

A 2000% increase on last year's pathetic 46mt would be 966mt, a level never seen in the last decade. A reasonable case for a 300-400% increase to the 200-250mt area could be made, while 2000% makes for a better goldbug newsletter headline or for a gold dealer promoting/selling gold.
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