Gold — Supply Cannot Keep Up With Demand

According to an analyst quoted by Dow Jones Market Talk, there has been an increase in demand without an immediate corresponding increase in supply in the gold market.

“The one major difference that the precious metals…are seeing is that supply cannot ramp up despite decade high prices,” said Neal Ryan of Blanchard Economic Research. “The lack of new supply will not only set a floor for prices moving forward, but become the price drivers as we move into the next several years.” [tags]gold, gold spot price,gold nuggets, gold price [/tags]     spot gold price