Courtesy of David Chapman
Chart of global gold demand, production and the resulting supply deficit. While global gold production is hitting a record of 2,818 tonnes in 2011 following a several years of declining production that started in 2001 the increased production is still not keeping up with demand. 4,486 tonnes was consumed in 2011 with China and India being the two largest consumers. The deficit which has been rising steadily since a low in the late 1980’s is not quite at the record seen in 2008 but at 1,668 tonnes it is getting closer.
BullionBuzz is a weekly eNewsletter that offers investors a quick snapshot of must-read news pertaining to the markets and precious metals. Continue reading
BullionBuzz is a weekly eNewsletter that offers investors a quick snapshot of must-read news pertaining to the markets and precious metals. This week: Euro: Current Course Is Leading to Disaster Continue reading
It’s a black or white issue: Either you own uncompromised bullion bars for which you have title documentation that are stored in secure allocated storage, or you have an unallocated account that can be settled in cash at the issuer’s discretion. Continue reading