2011-07-21gata.org

``Swiss bank UBS said that gold, which cracked the $1,600 a troy ounce mark on Monday, will be the only precious metal with a supply deficit this year, as demand outstrips inventory for the first time since 2008. The bank's analysts say that a decline in scrap gold -- gold that is returned to the market in the form of jewelry, electronics, gold teeth, and the like -- is heavily contributing the deficit.''



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