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<p>[QUOTE="medoraman, post: 25827624, member: 26302"]But is it simply central bank sales? I know the Russian central bank is buying, but new production was 3,644 tons of gold in 2023 and recycling surged to 1,237 tons. Isn't the supply demand really central bank BUYING versus increasing production, with retail interest increasing simply because the price has increased, (market movements always attract attention). </p><p><br /></p><p>Given historical trends, I am not saying $2500ish is an unfair price at this point, its just that I believe downward movement is also possible, (Russia settles Ukraine and stops hoarding gold, low oil like we see now spurs even more production, other assets attract attention away from gold, etc). </p><p><br /></p><p>I would like lower gold so I can simply buy more coins. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 25827624, member: 26302"]But is it simply central bank sales? I know the Russian central bank is buying, but new production was 3,644 tons of gold in 2023 and recycling surged to 1,237 tons. Isn't the supply demand really central bank BUYING versus increasing production, with retail interest increasing simply because the price has increased, (market movements always attract attention). Given historical trends, I am not saying $2500ish is an unfair price at this point, its just that I believe downward movement is also possible, (Russia settles Ukraine and stops hoarding gold, low oil like we see now spurs even more production, other assets attract attention away from gold, etc). I would like lower gold so I can simply buy more coins. :)[/QUOTE]
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