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ccmhi
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The secret gold demand indicator

- Bron Suchecki - Perth Mint

Bron, bend over, you deserve a big "fat finger"!

Commented 3764 days ago

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Beginning of the headline :In yesterday's post I had a footnote on reports that Perth Mint sales were up 41%. That figure got a lot of coverage and was taken as a general positive statement on gold demand. However the figure is only part of the story and highlights a deficiency in understanding demand in the gold market. To restate, the figures reported were just in respect of our minted coins and minted bar sales. These represent at best 10% of the volume of gold we sell each year. As such, the 750koz we sold of minted ... Read More

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