virtual metals research and consulting tom butler jessica cross gary mead andrew sullivan matthew turner tel 44 20 7487 3600 email info virtualmetals co uk the yellow book april 2006 sponsored by fortis merchant banking bank 1 contents introduction 3 this time 5 years ago 4 not china syndrome feature continuum of gold investment 7 data 11 weights measures 26 glossary 27 disclaimer copyright 31 about 32 commodities contact list 33 second edition revises updates historical on all aspects international market between 2001 2005 it then presents estimates what supply demand balance for might look like based opening months year furthermore takes into account fact that a number sectors such as jewellery scrap recycling coin are particularly price sensitive was therefore appropriate to more closely at these in especially with regard how they have responded sharp rise