GFMS gold survey – powerful incentives to invest in gold this year …
The summary table of supply and demand shows record levels of scrap return in 2009, contributing to total supplies of almost 3900 tonnes (this takes into account the effect of mine de-hedging), while gross jewellery demand was down by 23% … In percentage terms, however, the contraction was smaller than the falls in 1973 & 1974, and 1979 & 1980, when gold prices were soaring in responce to the two oil crises – and in the latter case, the Iranian hostage crisis and the …
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