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Old 12-04-2012, 01:43 PM   #1
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Trying to find a book

I have heard sprott as well as others mention a book written in 1997. I don't have the authors name right but I thought it was mark vinarosa or something like that. Talks about the supply demand imbalance for gold being filled by leasing. If anyone knows where can find this would be helpful. I am curious what the author thinks now?
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Old 12-04-2012, 05:00 PM   #2
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You may be interested to know that central bank gold sales were actually the crux of the original investment thesis that first got us interested in the gold space back in 2000. We were introduced to it through the work of Frank Veneroso, who published an outstanding report on the gold market in 1998 aptly titled, “The 1998 Gold Book Annual”. In it, Mr. Veneroso inferred that central bank gold sales had artificially suppressed the full extent of gold demand to the tune of approximately 1,600 tonnes per year (in an approximately 4,000 tonne market of annual supply). Of the 35,000 tonnes that the central banks were officially stated to own at the time, Mr. Veneroso estimated that they were already down to 18,000 tonnes of actual physical. Once the central banks ran out of gold to sell, he surmised, the gold market would be poised for a powerful bull market… and he turned out to be completely right – although central banks did continue to be net sellers of gold for many years to come.
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http://www.zerohedge.com/news/2012-1...-any-gold-left
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