GOLD COULD FACE SHORTAGES IN 2021 .. only 3000 tonnes
Gold could face shortages in 2021 .. it's estimated only 3000 tonnes of gold produced for 2021, possibly even less depending on the Covid-19 situation.
2019 Gold Supply > 3,300 tonnes
2020 Gold Supply > 3000 tonnes ( est )
2021 Gold Supply > 3000 tonnes ( est )
In 2019 > 3,300 tonnes of gold
After the heavy consumption of gold .. only few hundred tonnes left to consume
( GOLD COULD FACE SHORTAGES IN 2021 )
In 2021 > 30000 tonnes of gold going to be produced next year ( est )
China consumption of gold close to 1000 tonnes in 2019
I see China consumption of gold going up to 1300 tonnes in 2021
If India still can't get out of Covid-19 ... you see 600 tonnes of gold consumption next year
Due to Covid 19, American consumers will consume less gold .. about 120 tonnes
For Global Technology consumption .. 170 tonnes for 2021
and etc.,,
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You looking at less than 800 tonnes of gold for the Central Banks to buy in 2021.
GOLD SHORTAGE coming
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The Central Banks bought 700 tonnes of gold in 2019
The China government already banned their chinese citizens from opening new accounts to buy gold paper, silver paper, and etc., .... this will drive up the demand for physical gold like Jewelry, gold coins, and gold bars. I'm being real conservative with a 1300 tonnes of gold consumption from China in 2021... most likely higher than that.
Over 30 Central Banks planning to buy gold bars in the next 12 months .. the heavy consumption from Central Banks and institutions buying up all the physical gold going to cause a inevitable shortages in the shiny yellow metal.
In SHORTAGE SITUATION .. Gold price will skyrocket to $3000-$3400 very quickly, you won't even see it coming. As more and more money pile in, the price will hit $4000.00 us
From 1995 to 2000 ... MASSIVE CENTRAL BANK SELLING IN GOLD
The USD went to the MOON and Gold tanked to $250.00
The US 10 Year Treasury Rate > paying almost 7%
From 2019 to 2023 .. GOING TO BE MASSIVE CENTRAL BANK BUYING IN GOLD
The USD will go down the toilet and Gold will rocket to $4000.00
The US 10 Year Treasury Rate nowclose to ZERO ... Do you see the difference ?