|

World Gold Council: 2013 was a record breaking year for bar and coin demand

Yesterday we posted the full-year 2013 gold demand numbers from the World Gold Council – they showed that worldwide gold bar and coin demand surged an incredible 28% last year.

Below is a summary video from the World Gold Council of those numbers.

Take aways include:

    • It was the year of the consumer – and was a global phenomenon
    • Demand continues its shift from West to East
    • India bar and coin up 16% (government demand suppression not working then)
    • Turkey bar and coin up 134%!
    • Indonesia bar and coin up 36%
    • China bar and coin up 38%
    • US bar and coin up 26%
    • Central banks continue to be net-buyers of gold
    • Global investment in bars and coins rose 28%
    • Supply was 4340 tonnes DOWN 2%
    • Scrap was DOWN 14%
    • Strong diverse demand and constrained supply will continue to drive long-term support for the metal

And in the face off all that record breaking demand, the price fell nearly 30% – quite amazing when you think about it, and hardly what you’d call a ‘normal’ bear market, characterised by people’s loss of faith in an asset.

As we mentioned yesterday, keep and eye on those gold ETFs in 2014 – should they start adding, and demand continues to be strong, the price will surely follow.

Link to this article: : http://www.goldmadesimplenews.com/gold/word-gold-council-2013-was-a-record-breaking-year-for-bar-and-coin-demand-12548/

Posted by on Feb 20 2014. Filed under Gold News, Interviews. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

Leave a Reply

Gold Investor Report banner