uranian
21st September 2010, 01:26 AM
This data (http://www.research.gold.org/supply_demand/) comes from GFMS care of the world gold council, who are both implicated (http://www.gata.org/node/7379) in the gold price suppression scheme, so treat it as you'd treat any other official stat. Bearing those caveats in mind, interesting stat is that the supply of scrap jewellery coming to the market shrank significantly from Q109 to Q110. Ties in with some anecdotal stories I've heard locally in the UK, some suggestions that those who would have sold their jewellery have already done so (by and large), while perhaps others are waking up to the fact that any form of gold is worth holding on to. No real trend yet as Q209 to Q210 showed the opposite direction for this particular datapoint, but perhaps something to watch. Given that Indian housewives are number 2 holders of gold in the world, this is a more important stat than is obvious, I think.
edited to add if you click the pic it'll get bigger, not on my normal PC so can't photoshop it to a suitable size.
edited to add if you click the pic it'll get bigger, not on my normal PC so can't photoshop it to a suitable size.