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I read there is a lot of golds being flown into the US at the moment, prior to the Fort Knox audit.
Yes, london bank was crashing out over all the gold being withdrawn from their vaults. I hadnt put that together with the trump fort knox inspection coming up, but theres no way they could purchase enough gold to cover up any deficiencies since everyone assumes either all the gold is gone or its all there.
 
if the price goes up wont production increase to counteract it?
Gold isn't really priced on a supply vs demand basis and in the present uncertain world economic situation, every ounce that comes to market is finding an eager buyer, regardless of the current high price level.
 
Also, a lot of the biggest mines are copper/gold operations, so producing more gold means also producing more copper, which IS supply/demand driven, so increased gold production could lower the copper price - it's a bit of a delicate balance. I'm sure all the majors would love to increase gold output right now, but there's a lot involved in doing so and by the time you achieve it, who knows what the gold price will be and what costs will have been incurred in getting those extra ounces.
 
.......Meanwhile in Victoria's Golden Triangle the gold diggings are deserted with not a detectorist to bee seen anywhere.

I get out most days for a bit of a detect with the 6000 for about 4 to 5 hours per day, (it is still in the mid 30s
over here every day so a bit too warn to swing for much longer comfortably).

For my efforts I am rewarded with an average of 2-3 grams of small pickers which at present gold prices equates to
about $300 to $450 payment for a pleasant afternoon's outing, and yet I have the diggings to myself.

I have not come another detectorist out in the bush so far this year, so where are you all?

Oh yes that's right, you are all on the prospecting forums discussing the next greatest detector or coil that
will come along shortly to lighten your wallets and turn you into instant professionals.

Cheerio,
 
.......Meanwhile in Victoria's Golden Triangle the gold diggings are deserted with not a detectorist to bee seen anywhere.

I get out most days for a bit of a detect with the 6000 for about 4 to 5 hours per day, (it is still in the mid 30s
over here every day so a bit too warn to swing for much longer comfortably).

For my efforts I am rewarded with an average of 2-3 grams of small pickers which at present gold prices equates to
about $300 to $450 payment for a pleasant afternoon's outing, and yet I have the diggings to myself.

I have not come another detectorist out in the bush so far this year, so where are you all?

Oh yes that's right, you are all on the prospecting forums discussing the next greatest detector or coil that
will come along shortly to lighten your wallets and turn you into instant professionals.

Cheerio,
yes I think alot reckon the gold is all gone and don't bother
 

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