Pacific Gold Corp fka PCFG

[whatisthecolorofmone]

Glut of gold

Is there currently a glut of gold? Is the supply greater than the demand? Gold companies have no back orders.

So far I know, gold supply grows about 2% a year. Even if gold goes into deficit which it has in years past it won't affect the prices because all the gold ever produced is in vaults and peoples possession. The main driver of gold is investment demand, whenever these yoyo's talk about jewelery driving prices just ignore it. Bottom line is as long as governments and central banks keep up their counterfeit ways gold and silver are going to the moon.