Such a hypothesis, in our opinion, does much to explain the incongruity of a declining gold price while fundamentals for paper currency, and the US dollar in particular, obviously deteriorate;
while demand for physical gold has exceeded new mine supply for several years running; and while above - ground 400 - ounce.999 gold bars located in London, New York, and other financial capitals (in cohabitation with speculative trading activity in paper markets) have steadily dwindled and disappeared into Asian financial centers reformulated as.9999 kilo bars.
Not exact matches
While we do not view the fabrication
demand for gold to make jewellery as a driver
for increased
gold prices, we do view the lack of a supporting market
for physical gold as a hindrance to significant positive moves in the
gold price by investment and / or speculative
demand.
Jeff Clark, a globally recognized authority on precious metals, talks about the consequences of the increase in
demand for physical gold while mine production decreases.