2013-08-06 — gata.org
``... unlikely to have a large effect on gold prices... the total amount of future gold production that has been hedged, known as the global "hedge book," has fallen to just over 100 tonnes, or 2.5 per cent of annual demand, according to Thomson Reuters GFMS. That is down from a peak of 75 per cent at the end of the 1990s. ''
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