Undeniable Proof Gold Demand Does Not Determine Price

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First published by Money Metals here: https://www.moneymetals.com/news/2016/11/01/gold-supply-and-demand-000944

The notion that the gold price is based on the economics of “Supply & Demand” turns out to be incorrect as the cost of production is the leading factor. This is also true for most commodities and energy.

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