Standard Chartered presents an in-depth look at gold-mine production from 2011-2015.
S.C. is looking for gold to potentially reach $5,000/oz. Look for Blythe to be playing the exact same game at $5,000 gold as she is at $1,500 gold.
We believe that these factors – limited gold production, buying by central banks and increasing demand from India and China – can potentially drive the gold price to US$5,000/oz, as highlighted in our commodity team’s earlier report, Gold – Super-cycle to extend above US$2,100/oz (17 April 2011).
In Gold We Trust 061411
