Sunday 1 March 2015

Central Banks Bought 477 t of Gold In 2014 - Second Highest In 50 Years.



  Koos Jansen debates a lot of data produced by World Gold Council and I will stay with him on his in-depth analysis of China's Gold Demand picture. But WGC has produced the very important news in this presentation: Central Banks Bought 477 t of Gold In 2014 - Second Highest In 50 Years. Now we can add it to the Peak Gold production in 2015 reports.


"Gold production is expected to peak in 2015. As the next chart suggests, the discovery cycle peaked some 20 years ago, and that will only reflect as of this year in the production volumes. Combine this with the falling gold prices (currently right below the average cost of production), and the result is a series of liquidations of miners and mining projects which would lead to an even more drastic short-term decrease of gold output."

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