Wednesday, February 19, 2014

18/2/2014: Demand for Gold: netting out ETFs effect


I blogged earlier today on the 2013 data for gold demand (see here: http://trueeconomics.blogspot.com/2014/02/1822014-gold-demand-trends-2013.html). In the post I mentioned three facts (amongst other):
  1. Total demand for gold worldwide declined in 2013 by 14.9% 3,756.1 tonnes;
  2. ETFs sold net 880.8 tonnes in 2013; and
  3. Demand for bars and coins rose to all-time high of 1,654.1 tonnes.
Now, here is a summary of the core demand stats:


Do note that total demand for gold, excluding ETFs is now at all-time high of 4,636.9 tonnes. 
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