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


To: long-gone who wrote (81971)2/13/2002 1:30:48 PM
From: goldsheet  Read Replies (4) | Respond to of 116779
 
<Were there the information for you to take those charts & overlay true demand and world population , a tool might have been created. >

I have to start somewhere !
World population: 1.5B to 6B today, +300%
Gold inventory: 30mt to 145mt, +383%
Per capita: .65 ounces to .78 ounces, +21%

<btw Have you questioned correctness / quality of data? >

USGS data, which is pretty high quality.

<Wouldn't you also have suspected a more similar reduction in production during 1914-1918 as 1939-1945 and far less similar 1970-1975? >

US government forced gold mines to close during WWII (and many never reopened), while no such thing happened during WWI.

The 1970-1975 dip is all RSA, whose production dipped from 1000mt in 1970 to 713mt in 1975, then stayed relatively flat until 1980.