黄金产量与市场价格的关系分析

来源期刊：黄金2010年第7期

论文作者：胡宪铭

文章页码：5 - 7

关键词：黄金产量； 黄金价格； 影响因素； 地面存金

Key words：gold production； gold price； influential factor； above ground gold

摘    要：影响黄金价格的因素很多也很复杂,分析国际金价的方法也是见仁见智,但是许多分析人员和投资者,一般都会把世界黄金产量的变化作为影响黄金价格的一个重要因素。文中通过黄金的特殊性质、地面存金对黄金市场供求关系的影响,以及黄金作为商品的特殊消费模式等方面的分析,阐明了黄金产量的变化对国际金价的影响是非常有限的。

Abstract: The influential factors to gold prices are various and complicated,and the analysis method for the international gold price are different from analyst to analyst.While for quite a few professional analysts and normal investors,the annual gold production of the world is taken granted as a very important factor that influence gold price.By detailed analyses on the particularity of gold as a commodity,the impact of above-the-ground gold to the relationship of demand and supply of the gold market,and the special consuming pattern of gold,it is showed that the change of world gold production has only limited influence on its price.