gld inventory under 790 tons, page-48

Whatever timber. The semantics matters little.

Nobody has posted any argument again my hypothesis.

If this year demand stays the same as last year, then the only way is up.

If this year the growth in demand increases like last yeah then buckle up.

If the ETFs stop selling then where are we going to get the extra 1000t to satisfy demand?

If the ETFs start buying then where are we going to find the extra 1000t plus whatever they buy?

If the demand goes up at the same rate as last year, if the ETFs start buying then where are we going to find an extra 3000t?

Disclaimer for skolly, you know what i mean by ETFs buying and selling.