Gold demand and supply |
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| Authors: | MH Govett GJS Govett |
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| Institution: | Govett and Govett Pty Ltd, 12A Torrens Street, Blakehurst, NSW 2221, Australia;University of New South Wales, Kensington, NSW 2033, Australia |
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| Abstract: | Western mine production of gold has been declining in the past five years — at the same time as the price of gold has risen dramatically. Predictions of a continued high demand for gold and the current US interest in adopting some form of ‘gold standard’ have focused attention on the supply of new gold. This paper discusses the structure of gold supply and demand, the present pattern of production of new gold and the possible effect of future price changes on Western gold mine production in the 1980s. |
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| Keywords: | Gold Demand (economics) Commodity markets |
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