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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Ken Benes who wrote (39278)8/19/1999 1:03:00 PM
From: Enigma  Read Replies (2) | Respond to of 116900
 
GATA believes there is a conspiracy to keep the POG down. There is selling going on - no doubt about that. Why I don't know - there are a lot of rumours about GS and the like - no doubt many of the rumours are supporting speculative positions. Why do you say that the above ground supply of gold increases by 3,000 tons per year - I saw a report today that production is expected to remain flat for the next 5 years. If production remains flat and demand is increasing where is the increase in supply? d



To: Ken Benes who wrote (39278)8/19/1999 2:11:00 PM
From: Claude Cormier  Read Replies (1) | Respond to of 116900
 
<<I also do not think GATA is factoring in that with each passing year the supply of above ground gold climbs by approximately 3000 tonnes.>>

2500 tons to be exact which is a growth rate of only 1.8%. The growth in the world population is around that level I guess.

The truth is that fabrication demand for gold is growing much faster than mine production.

The truth is also that the money supply growth is also much higher.

The conclusion is obvious.


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