SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (7507)8/29/1999 9:26:00 PM
From: Zardoz  Read Replies (1) | Respond to of 82122
 
The 1Q99 is now history and has been update to 810 tons by the World Gold Council. But I think the WGC does not cover the entire world. The quarterly demand numbers are above 1000 tons I believe.

a) If I, an institute, sell 25 Tonnes of gold and buy 25 Tonnes of Gold coins, effectively doing a gold market wash, how does that skew the quarter result from the WGC? How does that skew demand & supply.

b) So if the demand for Gold eagles is high, it may be high because of gold washes, exchange of the fundamental units to a more marketable {treadable} format. Why would I do this trade in the first place?

Hutch



To: Claude Cormier who wrote (7507)8/29/1999 9:32:00 PM
From: kimberley  Respond to of 82122
 
Thanks, CC

that is exactly what i wanted... knew you'd have it<g>

best,
kim



To: Claude Cormier who wrote (7507)8/29/1999 10:34:00 PM
From: goldsheet  Read Replies (1) | Respond to of 82122
 
You have probably seen this, but there is a nice detailed table covering supply-demand from 1988-1997 at GFMS at the bottom of a press release. gfms.co.uk

WGC only covers 27 countries and comes up with demand numbers in the 3300 range, world demand ran 4159mt in 98.