GOLD - RAW MATERIALS AND FINANCIAR ASSET

摘要

The gold market is unusual in that there exists a large quantity (estimated at 125,000-135,000 tones) of above-ground stocks, equivalent to over 50 years of mine production. Around 34,000 tones of this, equivalent to 13 years of mine output, is in the hands of central banks and other official holders. In this conditions, it is generally accepted that the plenty of additional sources of supply makes the tendency in diminishing production costs to be no longer efficient in avoiding bankruptcy. As a result this article is intended to set the main motivations thanks to regression's trend of gold demand and the reasons of producers bullish.