Monday, July 25, 2011
Gold Demand Outstrips Inventory For the First Time Since 2008
The Wall Street Journal noted last week:
Swiss bank UBS said that gold, which cracked the $1,600 a troy ounce mark on Monday, will be the only precious metal with a supply deficit this year, as demand outstrips inventory for the first time since 2008.
See this for background.
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Interesting for those who remember what happened to gold back then.
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