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Gold¶
Estimated time to read: 1 minute
标的¶
Factors¶
Economic forces¶
1 Psychological Forces¶
Supply and demand¶
Demands¶
1. Bullion used for hoarding and investment¶
2. Fabricated products taking a wide variety of forms¶
Fabrication demand for gold is estimated to have been 82.6 million ounces in 2005. 2004-80.9; 2001-91.2; 1998-104.6; - Jewelry(70%) Can be taken as an investment, so the demand is not price sensitive and can even rise in line with price increases. - Industry(23%) Electronics Circuitry - Medicine Dental use (7%);
Demand Logic¶
Substituations of other metal¶
War or the threat of war increases gold demand¶
Gold demand reflect a country's monetary situation.¶
Improvements in the monetary situation would likely weaken demand for gold.
- Wide fluctuations in foreign exchange rates and unstable financial instituations drive gold demand by stir-ring distrust of paper currencyie
- Uncontrolled inflation
- Fed by higher oil prices or a growing balance of payment deficits would spur demand for gold