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

To: goldsheet who wrote (89354)9/6/2002 8:42:32 PM
From: marek_wojna  Respond to of 116791
 
<<Indians recycle gold as global prices rise>>

A very positive action for now. Giving price and time advantage to gold producers to buy their hedges back. Too bad I don't have connections in India to confirm my thoughts that an average Indian is propably fed now with the stories about coming collapse in POG.



To: goldsheet who wrote (89354)9/7/2002 12:16:47 AM
From: long-gone  Read Replies (1) | Respond to of 116791
 
so the key quote is:
"A study on the use of recycled gold carried out by WGC shows that use of old gold in the country jumped to around 50 per cent from the normal 22 per cent between February and June this year."

Not exactly as if the market was fully filled by recycling, is it?


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