world gold counil: supply/demand

  1. 22,691 Posts.
    http://www.gold.org/value/stats/statistics/gold_demand/index.html

    Demand exceeded Supply by 124 tonnes. The Central Banks did manage to sell some gold in the last quarter.

    My forecast was a shortage of 20 tonnes:
    http://www.hotcopper.com.au/post_thread.asp?fid=1&tid=143345#413490

    Extract: "so, the 2004 demand could be about 3620 tonnes which is $400 tonnes higher than last year's and 20 tonnes higher than supply".

    Gerry
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.