Showing posts with label gold ft metal market arbitrage substitute. Show all posts
Showing posts with label gold ft metal market arbitrage substitute. Show all posts

Saturday, May 03, 2008

Arbitrage & Substitution in the Metals Market

Did you know:
161,000 tonnes = amount of gold that has ever been mined
161,000 tonnes = amount of steel created every 60 minutes

83,000 tonnes = amount of gold that goes into jewellery, each year
29,000 tonnes (18% of total stocks) = currently held by the world’s central banks

oh, read about arbitrage and substitution impact on the metals market here (ft.com)

...and why farmland might be a good idea, if you don't mind lack of portability - and it things go pear-shape, you can always grow your own crops!