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" US production, and the trend of consumption was up while the trend of production — even at the new higher prices — was down. "
Private Ownership of Gold, Hearings Before the Subcommittee on Production ... - Page 47
by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs - 1973 - 66 pages
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Report of the Secretary of the Treasury on the State of the Finances

United States. Dept. of the Treasury - 1974 - 1006 pages
...domestic production, -ast year, for example, US consumption was more than four times US producion, and the trend of consumption was up while the trend of production — even at he new higher prices — was down. The excess of consumption was about 6 million »unces. Purchases...
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