GOLD 0.51% $1,391.7 gold futures

sensible debate, page-2

  1. 5,867 Posts.
    Just a little note on the supply demand equation.

    Sth African production shrinking rapidly as is OZ production. The OZ situation may get a short term kick along when Boddington starts, but the lustre from the Super Pit is drawing to a close as is Sunrise Dam, Wallaby et al.

    China has filled the immediate demand gap along with Central Bank dishording. But China's reserve situation falls off the cliff in two years and there is only a finite quantum of the yellow metal left in the Bank vaults.

    So a declining production curve with very few meaningful discoveries-certainly not enough to replace existing production.

    And the other side of the equation-check the various websites such as those associated with Gold Fields. Demand remains strong.

    Currency arguments have little credibilty IMO, as an asset class gold is now way too small.

    Cheers,TAS
 
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