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Re: bobby1231 post# 31686

Saturday, 02/21/2015 6:20:12 PM

Saturday, February 21, 2015 6:20:12 PM

Post# of 35718
China consumes more gold than the world produces

But not important at all. Almost no gold is consumed the way other metals are, so yearly production is only a tiny fraction of the total supply of gold.

If someone is using this irrelevant fact to promote buying gold, they are either a con artist or are exhibiting a basic misunderstanding of the gold market, and I would look at anything else they wrote with a very jaundiced eye.

LC

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