08.11.2013 - Is demand for gold heavily understated - Are the statistics issued by GFMS wrong and Sprott right?
With the fragmentation of the gold market, as weíre describing in this series on the gold market, the gold price is not reflecting the true balance of demand and supply. Itís reflecting the balance of the demand and supply thatís routed through London and other developed world markets and distribution systems. This doesnít represent the entire gold market, and yet gold prices paid between buyers and sellers in the entire gold market are still referenced to the developed world gold markets, particularly the London Gold Fixings...............................................Full Article: Source
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