TSX:SGR.UN - Post by User
Comment by
marketmineron Oct 01, 2006 12:31pm
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Post# 11445954
RE: Gold supply tightening The Hord
RE: Gold supply tightening The HordThe 30,000 tones is 1 billion oz.. or about 1/4 of an oz / person... have you got yours?
"But, and this is a very big BUT, still in the order of 30,000 tonnes of gold is held by Central Banks, some of which have been selling on to the market – while others have been buying to increase their holdings. Overall, though there has almost certainly been net disinvestment by Central Banks year on year. This overhangs the market providing something of a dampening factor on price rises"