So for those who don’t yet have a gold coin (or you greedy investors who want more than one), this pretty much leaves us with mine production and scrap sources. CPM forecasts that total new supply in 2009 will be around 122 million ounces. … Central banks are net buyers of gold for the first time in 22 years. China is running TV ads encouraging its citizens to buy gold and silver. Last month Russia bought more gold than they actually produced.
Originally posted here:
What if Everyone in the World Wanted a One-Ounce Gold Coin?