Comment: Consumers selling the least "used gold" in five years

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SteveMT's picture

Consumers selling the least "used gold" in five years

[People are buying more gold, and they are selling less. Hmmm.]

Used Gold Supply Heads for ’08 Low as Sellers Balk: Commodities
By Joe Richter & Debarati Roy - May 14, 2013 5:04 AM MT

Consumers will sell the least used gold in five years after prices tumbled into a bear market, curbing a source of metal that typically accounts for about one in every three ounces of global supply.
http://www.bloomberg.com/news/2013-05-13/used-gold-supply-he...