2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 395.89

0.0%

Dec 16 4:00 PM EST

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To: Taikun who wrote (40907)	10/9/2008 5:05:25 AM
From: TobagoJack	Read Replies (3) of 218538

just in in-tray player #1 (canadian tycoon): Does anyone have figures for real gold trade vs faux paper gold trade volumes. Trying to get a feel is it 2 x , 10x. If one assume that anyone owning gold does not lend it unless for big premuim in this new hoarding , inflation hedge world. . So then to cover paper trade where does the gold come from. What is marginal impact of physical demand / supply that causes the hockey stick. player #2 (guru analyst): Here's something from my archives: The investors pay continuous attention firstly to the dollar rate of exchange and secondly to the level of interest rates for financial assets. The volatility of these indicators directly influences investor interest in gold. Since this interest is realized not through operations with physical metal but through deals with gold derivatives on stock-exchange and non-stock-exchange markets (where gold is mentioned only as a base asset), the volume of these deals can exceed the volume of trade in physical metal dozens of times. Last year turnover with gold derivatives was about 4,000 million ounces (or 129,000 tonnes), but physical metal actually sold totaled 120 million ounces or some 3,860 tonnes. As it is said: Feel the difference! from Russian central bank chairman speech about gold, Oct 2004 Others may have more data or more recent data, but that ratio noted was about 34:1 and it certainly hasn't gone down since 2004. COMEX alone this year has averaged well over 10 million ounces traded per day.

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