Wed, Jan 28, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Bullion/Gold, Commentaries, Investment, Market Moves more

Could the gold price collapse?

Posted on 27 February 2009

From Fnarena.com: What pushes the gold price? Let’s break it down. The first, simple, equation to consider is that of demand and supply. We’ll look at demand first. Gold is an unusual beast in that it is both a commodity and a currency.

On the commodity side, there is some industrial usage of gold but the bulk of “commodity” demand is derived from the jewellery market. Indeed, so proportionately minimal is gold’s use in industry that we’ll completely ignore it within the equation. Thus we can say that gold is never consumed or destroyed. Even when a piece of jewellery or some other trinket is melted down, no gold is lost out of the sum total. This makes gold virtually unique….. Full Article: Source


 Article link

This post was written by:

VRS - who has written 39000 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
January 2015
S M T W T F S
« Dec    
 123
45678910
11121314151617
18192021222324
25262728293031