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Some new statistics on gold
The Mess That Greenspan Made —
The World Gold Council released their quarterly Gold Investment Digest yesterday and it contained a number of very good charts including the one below that recounts the many financial market crises that drove investors away from other financial assets and into gold. ...
Global Currency and Gold
GoldSeek.com —
... | Source: GoldSeek.com By Mike Hewitt and Dr. Krassimir Petrov 1. Introduction In this essay we attempt to estimate global money supply and relate it to global supply of gold. For the global money supply, we use money supply figures for currency in circulation from 86 selected currencies, from 81 independent countries and five monetary unions. For the global supply of gold, we use data from the World Gold Council (WGC). Finally, we attempt to interpret the price of gold as a relationship between global money supply and global gold supply. 2. Data Description For money ...
The Q1 Gold Investment Digest
The Mess That Greenspan Made —
Always a sucker for a good chart, particularly when it involves precious metals, the one below in the most recent Gold Investment Digest from the World Gold Council is a doozy. ...
Investors Rush Into Gold at Breakneck Speed in Q1 2009
The Prudent Investor —
... Gold sales for investment purposes have grown up to ten-fold in some countries, the World Gold Council, announced on Wednesday in its latest quarterly report. ...
Updated official gold holdings
The Mess That Greenspan Made —
The World Gold Council released updated statistics for its official world gold holdings showing a huge increase for China, a small increase for Russia, and France as the biggest seller. ...
Global Gold Production
GoldSeek.com —
... puts together for the World Gold Council . Not surprisingly there have been structural supply deficits over the course of golds secular bull. And while this recent global economic crisis has lowered gold demand on the fabrication front (jewelry and industrial) and increased scrap supply from folks trying to cash in on golds price strength, it is investment demand that is really going to drive the remaining years of this bull. And even though investment demand is on the rise, we have only seen the tip of the iceberg considering the rampant inflation fears that will take hold ...
Central Bank Gold Agreement
GoldSeek.com —
... 2008, and Slovakia in January 2009. These additions brought the total signatories to the CBGA up to the 19 CBs that signed CBGA 3 last week. But before we dive into CBGA 3 and its implications for gold, we need to dig deeper into CBGA 1 and CBGA 2 sales. This table includes the official gold reserve holdings of the major central banks involved in the first two CBGAs. I defined major as any signatory CB that had more than 100 tonnes of reserve gold. This data is courtesy of the World Gold Council , which does outstanding fundamental research. And despite the CBGA years ...
The “Golden Staircase” Points To Record Prices For Gold
Daily Markets —
... 400 metric tons to be sold annually, down from 500 metric tons in the previous deal. The deal is bullish on its face. And, even better, this more to it than meets the eye. You see, the last 10 years of these agreements have seen some 4,000 metric tons unloaded into the market. And even into the face of the $80-billion-selling headwind these divestitures created, gold has managed to stage a rise from $250 an ounce to the current $1,000. And story gets better, still: According to the World Gold Council , the world’s central banks became overall net buyers of gold as of this ...
Sell the IMF gold to China - it's a start
The Mess That Greenspan Made —
... As shown in the annotated table above from the World Gold Council, the inventory at the streetTRACKS gold trust is about to overtake China in gold reserves (maybe this month at the current pace) and, the embarrassment of this event aside, China really does need more gold. ...
Ganesha and the Price of Gold
GoldSeek.com —
... unlike a stock, gold provides no leverage to the performance of an enterprise. Buying gold is not an investment per se, compared, for example, to buying a gold mining stock, where a companys financial performance is linked to its resources and production, at the same time providing leverage to the gold price. In fact, industrial applications for gold consume far less than the annual supply, thus investing in gold is fundamentally different from other commodities. According to the World Gold Council (WGC), investment demand for gold, e.g., from Exchange Traded Funds (ETFs), ...
