GOLD SUPPLY DEMAND TRENDS & ETF ANALYSIS

Sustained Central Bank demand for gold supports the conclusion in The Goldwatcher that the gold mining industry needs central banks and central banks need gold.

In his 1997 Lecture   “The International Monetary System in the 21st Century Could Gold Make a Comeback the Nobel Laureate Economist Robert Mundell predicted :

“More likely, gold will be used at some point, maybe in 10 or 15 years when it has been banalized among central bankers, and they are not so timid to speak about its use as an asset that can circulate between central banks. Not necessarily at a fixed price, but a market price.”

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Source World Gold Council  Supply and Demand Trends Analysis 

GOLD DEMAND ANALYSIS

2013 2014 2015 Q1’15 vs Q1’14
Tonnes 2013 2014 Q2 Q3 Q4 Q1 Q2 Q2 Q4 Q1 % chg
Jewellery 2,670.7 2,457.2 822.9 628.4 614.7 620.2 590.2 591.6 655.1 600.8 -3
Technology 354.1 346.5 93.9 87.0 83.6 81.9 86.4 87.9 90.4 80.4 -2
Electronics 248.4 277.6 65.3 61.4 59.1 65.0 68.9 70.7 73.0 63.7 -2
Other Industrial 82.7 49.0 22.5 20.0 19.3 11.5 12.6 12.3 12.6 12.0 4
Dentistry 23.0 19.9 6.1 5.6 5.2 5.3 4.9 4.9 4.8 4.7 -11
Investment 785.9 820.6 162.3 202.2 161.3 268.0 199.2 182.9 170.6 278.8 4
Total bar and coin demand 1,702.0 1,004.4 593.8 320.9 346.5 281.5 237.1 223.4 262.5 253.1 -10
Physical Bar demand 1,335.8 726.0 472.0 262.4 261.4 201.3 170.0 166.9 187.9 193.5 -4
Official Coin 266.3 204.6 85.8 42.2 67.0 64.4 49.2 36.1 54.9 45.0 -30
Medals/Imitation Coin 99.9 73.8 36.1 16.4 18.0 15.8 17.9 20.4 19.7 14.6 -8
ETFs & similar products* -916.0 -183.8 -431.5 -118.7 -185.2 -13.5 -37.9 -40.5 -91.9 25.7 -
Central bank & other inst. 625.5 588.0 166.5 138.9 150.0 119.8 157.2 176.7 134.2 119.4 0
Gold demand 4,436.3 4,212.4 1,245.6 1,056.4 1,009.6 1,089.9 1,033.0 1,039.2 1,050.4 1,079.3 -1
LBMA Gold Price, US$/oz 1,411.2 1,266.4 1,414.8 1,326.3 1,276.2 1,293.1 1,288.4 1,281.9 1,201.4 1,218.5 -6

GOLD ETFs GLOBAL HOLDINGS

 1041 TONNES  VALUE US $40,305m

Product name Total Tonnes Total Ounces Total Value
New York Stock Exchange Arca (NYSE Arca) AND Singapore Exchange (SGX) AND Tokyo Stock Exchange (TSE) AND Hong Kong Stock Exchange (HKEx) AND Mexico Stock Exchange (BMV) SPDR® Gold Shares 715.260 22,996,326 US$27,681m
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse – Xetra) Gold Bullion Securities 138.13 4,441,056 US$5,274m
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse – Xetra) AND NYSE Euronext Amsterdam ETFS Physical Gold 152.66 4,908,200 US$5,825m
Australian Stock Exchange (ASX) Gold Bullion Securities 11.16 358,789 US$426m
Johannesburg Securities Exchange (JSE) New Gold Debentures 28.38 912,310 US$1,099m

 

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