This is used as a central bank official gold related

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In fact, as technology advances, the cost of prospecting, mining, refining, has been in reducing the cost of gold off the downward trend. World Gold Council statistics show that the world's new gold annually about 2,600 tons, and gold demand should be greater than mined 300 tons to 500 tons. However, due to the behavior of the central bank's massive throw gold, since 1996, the international market price of gold from a high of $ 418 / oz sharp drops, even dropping to $ 257.60 / ounce, gold production costs of less than a certain period of time, so that the major gold-producing countries suffered huge losses. Investors online can be more timely understanding of the changes of the gold.

three quasi-official price. This is used as a central bank official gold related activities while the use of a price. In the quasi-official price, is divided into mortgage prices and bookkeeping Price. The data show that the world's central bank official reserves (national central banks are often the largest national gold holders) of about 34,000 tons in 1998. Calculated at current production capacity, which is equivalent to 13 years of world gold mine production, and accounting for 24.7% of the 137,400 tons of gold mining stock, this is an important reason to determine the quasi-official price of gold.

mortgage prices. Italy in 1974 to the Federal Republic of Germany for the realization of borrowers to own gold as collateral. Secured to determine the price in the history of modern gold has important significance. SDR 35 per ounce of gold is equal to the one hand, the IMF requirements, on the other hand it also meets the needs of gold held by the central bank does not freeze gold. practice this price of gold by the United States not to Mortgage borrowers, gold, Gold at market price a price, give discount, to a certain extent on the price of gold to be hedge against inflation, because there is a lot of gold in the mortgage. If the gold price falls, the borrower of the interest you have to be higher than the London Interbank Offered Rate.