danhoff,I haven't been telling any porkies re. the gold...

danhoff,

I haven't been telling any porkies re. the gold production, here it is from the latest Economist:


But as with any commodity (see article), high prices are creating a market response. Mining firms are expected to produce almost 2,900 tonnes of gold this year, up from 2,400 tonnes in 2008. Many people (particularly Indians) are cashing in by recycling their jewellery; the scrap market grew from 600 tonnes in 2000 to 1,660 tonnes last year.