How much does supply and demand influence gold?
Gold is an enigma. Certainly, gold has practical applications. It conducts electricity, does not tarnish, can be drawn into wire and hammered into thin sheets. However, it is the perceived value of the metal that drives the price. Additionally, there is a “finite” amount of gold available at any given point in time. You cannot take your gold seeds, plant them in the spring and plan for the autumn harvest. If you have mined the metal, you have it on hand. The straightforward laws of supply and demand will be a key factor in dictating price. Gold Supply Over A Century The world’s appetite for the precious metal has ... (full story)
- Posted: Apr 9, 2019 5:41pm
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