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


To: Robert Dirks who wrote (2375)11/29/1998 6:35:00 AM
From: sea_urchin  Read Replies (1) | Respond to of 81003
 
Robert : In SAf gold production has fallen from over 700 tonnes in 1980 to below 500 tonnes last year. Hasn't done much for the POG!! So, I don't think 5 tonnes in Oz will have much of an effect.

In fact, I'm not sure whether the gold price has much to do with annual supply/demand. Speculation and CB activity and talk on the Internet are far more important determinants of the gold price --- especially the talk!