I love that Gold is continuing it's momentum. Silver doesn't surprise me with it's lackluster activity, but it's far from justified considering the supply and demand fundamentals are so strong. I thought there'd be a shift away from market intervention once inventories became low but it seems they'll continue to play stupid games until they win stupid prizes.
$̴3̴2̴0̴0̴ $̴3̴50̴0̴ $3̴90̴0̴ $400̴0̴ $410̴0̴ $5150 Gold!
- Thread starter ozcopper
- Start date
, been buying them since they were $450-$500 eachYou know in 2024 the supply of Gold was 4974 tonnes. And demand in 2024 was... Wait for it... Exactly 4974 tonnes.
I mean, thats a bit weird.
For anyone interested, here are the years gold has apparently been in a deficit;
- *2013*: 171 tonnes
- *2014*: 161 tonnes
- *2015*: 171 tonnes
- *2019*: 127 tonnes
- *2020*: 161 tonnes
And over the years the Gold market has actually seen a surplus. The years in deficit listed above don't even come close to exceeding a year of mine supply. They barely reach 25% of annual mine supply combined. But meanwhile, we have a yearly deficit in the silver market that's over 25% of annual mine supply, and the prices go sideways or down. Make it make sense!
I'm also quite surprised by the lack of transparency and data surrounding Gold supply and demand.
I mean, thats a bit weird.
For anyone interested, here are the years gold has apparently been in a deficit;
- *2013*: 171 tonnes
- *2014*: 161 tonnes
- *2015*: 171 tonnes
- *2019*: 127 tonnes
- *2020*: 161 tonnes
And over the years the Gold market has actually seen a surplus. The years in deficit listed above don't even come close to exceeding a year of mine supply. They barely reach 25% of annual mine supply combined. But meanwhile, we have a yearly deficit in the silver market that's over 25% of annual mine supply, and the prices go sideways or down. Make it make sense!
I'm also quite surprised by the lack of transparency and data surrounding Gold supply and demand.
