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<p>[QUOTE=&quot;medoraman, post: 25831085, member: 26302&quot;]World gold council:</p><p><br /></p><p><a href="https://www.gold.org/goldhub/research/gold-demand-trends/gold-demand-trends-full-year-2023/supply#:~:text=Total%20supply%20in%202023%20increased,in%20recycling%2C%20to%201%2C237t" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.gold.org/goldhub/research/gold-demand-trends/gold-demand-trends-full-year-2023/supply#:~:text=Total%20supply%20in%202023%20increased,in%20recycling%2C%20to%201%2C237t" rel="nofollow">https://www.gold.org/goldhub/research/gold-demand-trends/gold-demand-trends-full-year-2023/supply#:~:text=Total supply in 2023 increased,in recycling, to 1,237t</a>.</p><p><br /></p><p>I view gold could easily retrench to $1800 over a two year period. Yes, long term its is always up due to nature of depreciating currencies, but the spike has been pretty hard upwards the last few years, meaning reversion toward long term trendline is very possible. </p><p><br /></p><p>In many ways gold is simply condensed oil, and if worldwide oil prices stay low it will lead to higher gold production and lower prices, all things else being equal. </p><p><br /></p><p>Or, maybe its just wishful thinking so I can buy more coins, IDK. I bought quite a bit when gold was $1200, but of course would always like to own more. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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