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Topic created : 4.07.2019, 17:55
JustNash
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according to numbers released Today, gold stockpiles now amount for 2450 days of its consumption.
production is more than 3 times consumption
 
So there is overproduction and oversupply at levels unseen in other materials.
 

One might expect that the price would come back down in a hard manner to allow demand to pick up again. Higher consumption, obviously, would be a way to alleviate the stress on the above mentioned situation.
 
What is your view and what are your expectations?   

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6.07.2019, 16:26
Viraxje
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All resources are less consumed than produced. Won't change anything especially with all inactives mining away. 
 

9.07.2019, 10:32
JustNash
Twelve years with Virtonomics Jubilee Ten Shagreen, VII-XV places Shagreen, VII-XV places Macedonian common amphora Common amphora of Heraklion The winner in the nomination Your Way to success of the Industry Competition Winner of the Contest for Managers in the nomination "Knowledge is power!"
One year with Virtonomics
Основатель г.Хасселт Jewelry Loupe Founder of Carcassonne Twelve years with Virtonomics Belgium soccer ball Traskor Swedish standard Viking helmet
Dalahast Deer horns Ingvar Kamprad Order Mathematic teacher Compass Festive glasses Jubilee Ten Silver Ten
For contribution to the development of Virtonomics The tender collider, VII-XV places The tender collider, VII-XV places The tender collider, VII-XV places The tender collider, IV-VI places The tender collider, IV-VI places World Cuisines, VII-XV places World Cuisines, VII-XV places
World Cuisines, IV-Vi places Shagreen, VII-XV places Shagreen, VII-XV places Shagreen, VII-XV places Shagreen, VII-XV places Shagreen, VII-XV places Shagreen, VII-XV places Shagreen, VII-XV places
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Shagreen, IV-VI, places Shagreen, IV-VI, places Shagreen, IV-VI, places Shagreen, IV-VI, places Shagreen, II-III places Shagreen, II-III places Shagreen, II-III places Shagreen, II-III places
Platinum sponsor of the Contest for Tycoons Platinum sponsor of the Contest for Tycoons Platinum sponsor of the Contest for Tycoons Platinum sponsor of the Contest for Tycoons Platinum sponsor of the Contest for Tycoons Platinum sponsor of the Contest for Tycoons Platinum sponsor of the Contest for Tycoons Platinum sponsor of the Contest for Tycoons
Platinum sponsor of the Contest for Tycoons Founder of the city Sikasso Macedonian Silver amphora Bronze amphora of Heraklion The winner of the Industry Competition The winner in the nomination Your Way to success of the Industry Competition The winner of the Storm of regions nomination of the Industry Competition The winner of the Standard of Virtonomics nomination of the Industry Competition
Three years with Virtonomics
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Viraxje
All resources are less consumed than produced. Won't change anything especially with all inactives mining away.

Yes, this is a historic fact. The ratios are even quite stable for all of those other resources. Not so with gold: the ratios have exploded. Believe me, I've been using a lot of it over the years and as such I have been following up on this all along. :-) 
 

List of forums -> Questions and answers. Help.-> Mary: gold price

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