ABM RESOURCES -TOP 40 UPDATED-NOV, page-20

G'day all.-U.S. National Debt Clock : Real Time
Recommend those interested-click on above link, as there is a lot of
information.
After you scan all the data you will realise you can also open individual
sections to expand info/data for breakdown & analysis.
One interesting section of obvious interest is bottom line second
from the left-Gold Supply/Demand.
What is interesting-bottom three
Recycled Gold 53,444,287 OZ.
Gold Production 122,763,449 OZ.
Total- 176,207,736 OZ.
Gold Demand total 2016-171,991,524

At face value it seems there is surplus supply !
Until you add up the ever changing constantly updating
demand by sector (column three )=193,793,949 OZ,
& then realise demand exceeds supply by some 22 million OZ.

Lets look a bit further.

Check out how world gold demand has risen
2006-109,280,969 OZ.
2016-171,991,837 OZ.
57% increase in demand over 10 years -will gold production
keep pace with demand-Nada !

Also interesting is US Dollar to Oil Ratio-$28.35 -NOW -ok
US Dollar to Silver Ratio-$1,002 per oz-NOW-Wow
US Dollar to Gold Ratio-$9,072 PER oz- NOW-Wow
Lots of info here for review, make your own minds up.
Very interesting data- indeed.
imo-gltah
salt