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Financial Times notes rising demand, falling production for gold
12:50p ET Friday, January 4, 2008
Dear Friend of GATA and Gold:
Thursday's Financial Times published what it meant to be a comprehensive review of gold's market and prospects -- minus, of course, any recognition of the possibility of price suppression by the central banks. The FT's review stressed the bullishness of the rising demand for gold amid diminishing production. The FT also acknowledged, at the story's very end, that, adjusted for inflation, gold would need to reach $2,000 per ounce to match the record price reached in 1980.
The FT's story is headlined "Bullish on Bullion: Investors Seeking Safety Push Gold Ever Higher," and you can find it in the clear here:
Or try this abbreviated link:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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