All the Gold in China

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Published : April 10th, 2014
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Category : Market Analysis

This chart depicting the dramatic rise in China gold demand from Sharelynx appears to be making the rounds this morning and it really is stunning. Note that the 2013 demand total of nearly 1,600 tonnes shown below is considerably higher than the World Gold Council figure, but also considerably lower than some of the more bullish estimates.

Granted, most U.S. investors could care less about this sort of thing, that is, so long as share prices for such companies as Tesla and Facebook continue to rise.

But, others around the world have noticed the sharp increase in gold demand from the Middle Kingdom and the possible (actually, pretty likely) future impact on prices, the latest example being China ‘has more gold than official figures show’ in today’s Telegraph.

Data and Statistics for these countries : China | All
Gold and Silver Prices for these countries : China | All
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Tim Iacono is the founder of Iacono Research, a subscription service providing market commentary and investment advisory services specializing in commodity based investing.
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