TLindt,
I was watching CNBC a few days ago and they showed a chart(below), and, although the exact names of central banks may be incorrect, i would like to get your opinion as to the possible motivation and needs of central banks selling off their gold. Also, how much would they sell off if any??
Supply 4,000 tons
Demand 5,000 tons
Swiss Central Bank 30,000 tons
German Central Bank 35,000 tons
Even though there is a supply shortfall from demand, IF, the central banks sell off just 20% of their gold we are looking at over 2 years of demand.
The key is finding out if, when and how much the central banks will sell. Any info regarding this is appreciated.
Lou |
