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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 416.72+1.2%Dec 26 4:00 PM EST
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To: Cogito Ergo Sum who wrote (101264)6/19/2013 11:45:28 PM
From: Maurice Winn  Read Replies (1) of 218776
 
Now you have got it Jack. < so like Mq.. they are NOT part of the supply demand equation ? :O) > If a billion people in China want to buy 10 ounces of gold each at $100 an ounce, that is totally irrelevant to the price of gold when it costs about $1300 per ounce to produce it [for many miners] and people are willing to bid $1360 an ounce.

It doesn't affect the price no matter how many people want something at a lower price than it costs to produce, or at a price lower than others will bid if supply is limited.

Mqurice
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