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.

1 comment:

  1. Interesting for those who remember what happened to gold back then.

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