Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (28070)	4/20/2000 9:14:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 42523

We pose the question, does the 80% to 85% global coverage of the World Gold Council (WGC) demand survey refer to just jewelry, bar and official coin demands or does it refer to all gold uses? The WGC assumes the latter. However, if that were so, the WGC 1999 survey would cover roughly 96% of global demands for jewelry, bar, and coin. Gold Fields Mineral Services has provided estimates of jewelry consumption in 1998 for only seven of the many, many countries the WGC does not survey. Jewelry consumption in these seven countries alone, according to GFMS, is equal to more than 8% of their estimate for total jewelry fabrication demand worldwide. These GFMS estimates make it clear that the WGC survey encompasses much less than 96% of global jewelry demand. The author of this story has a problem in this interpretation. The consumption of gold in the use of jewelry exploded far past estimates in 1998 and for that matter in 1999 which was not mentioned. The reason likely is the "wealth affect."