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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?


To: Ptaskmaster who wrote (7706)9/7/1999 3:36:00 PM
From: goldsheet  Respond to of 81228
 
> Bob, much appreciate your diligent assembly of gold production and > other statistics

Thank you. I think reasonable people can look at various pieces of information and come to very different conclusions and opinions. What I often try to do is "get back to basics"

Facts like central banks are 10% of supply, primary mine production has doubled in the last 20 years, scrap is an important factor in supply, South Africa is now only 20% of the world's supply, Anglogold is only 7%, etc.. help provide a broad general context for the discussions. If one thinks 2 or 3 miners control the world's gold supply, one might jump to incorrect conclusions.

One can build a better case for any opinion (pro or con) from a firm foundation of facts, instead of vague perceptions of the gold market