Tag: gold in asia

First Detailed Swiss Trade Gold Stats: Asia Is Main Export Market

First Detailed Swiss Trade Gold Stats: Asia Is Main Export Market

The data on Swiss trade in precious metals for January 2014 have been broken down by country for the first time in 30 years, report swissinfo.ch and vaterland.li. It shows that Switzerland imports most of its gold, silver and precious coins from the UK, while its main export markets are in Asia. Total exports were over 5.3 billion euros in January, while imports were worth almost 6 billion euros.

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Why Increased Western Gold Demand Could Lead To A Gold Supply Shortage

Why Increased Western Gold Demand Could Lead To A Gold Supply Shortage

From where will the gold ETF source their gold once the ETF demand turns higher again? It is clear that a supply shortage is a very likely outcome of renewed interest in gold ETF’s. We know that newly mined gold is limited compared to the existing above the ground gold, so it cannot meet Chinese and Western demand. In fact, above the ground gold IS the supply. So what happens if the appetite for gold in Asia remains strong, if those existing gold owners do not supply their gold to the market, and Western demand increases again?

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Lower Gold Prices Spur Demand for Physical Gold

| February 4, 2014 | Category: Price
Lower Gold Prices Spur Demand for Physical Gold

The significant increase in physical demand for gold in Asia, especially China is set to continue, and it looks as if Asia is going to play a much bigger role for setting the international prices for gold.

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There You Have Gold’s Unique Feature: Price Down, Demand Up

There You Have Gold’s Unique Feature: Price Down, Demand Up

What is currently unfolding in the gold market is truly astonishing, especially in Asia. Ggld coin demand is exploding also in Europe and mints can’t keep up with demand. Things are so extreme in Asia that (a lack of) storage is becoming an issue. Which other financial asset sees demand exploding when prices go down?

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The Gold Is Gone

The Gold Is Gone

You could go into a vault in london a couple of years ago. The vaults were packed to the rafters with gold, and the gold would trade from me to you to somebody else. You can walk into those vaults today and they are virtually empty. All that gold (26 million ounces) has been transferred from London and has gone to Switzerland where it has been recast to higher grade formats and shipped off to Hong Kong and then to China never to return.

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The (Mis)Calculation Of Chinese Gold Demand

The (Mis)Calculation Of Chinese Gold Demand

According to Alasdair Macleod, it appears that the WGC’s figures substantially understate the true position. Furthermore, any analysis of gold demand will fail to account for the increase in gold ownership not constrained by national boundaries.

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With India’s Market Interventions, Thailand’s Gold Demand Is Up 125%

With India’s Market Interventions, Thailand’s Gold Demand Is Up 125%

The article in The Economist explains that the Indian insatiable demand for gold has resulted in a surge in gold smuggling. Customs officials at airports in India, Nepal and Bangladesh seem to report a spike in gold originating from other Asian countries like Abu Dhabi, Bahrain and Dubai. According to the article, “the effects of India’s attempts to curb gold imports are most widely felt in Thailand.”

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New Gold Vaults Are Housing The Massive Asian Inflows of Gold

New Gold Vaults Are Housing The Massive Asian Inflows of Gold

In the latest edition of Sprott’s Thoughts, strategist David Franklin explains how gold vaults is a booming business in Asia.Recent data show that significant amounts of physical gold have been liquidated from gold ETF’s (sitting in London and Swiss vaults), melted down mainly by Swiss refineries and sent to the East. Once arrived, the gold should get a home. Based on several events in the past couple of weeks, it appears that new Asian facilities will be housing the physical gold.

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The Downturn in the Spot Gold Price

| November 8, 2013 | Category: Price
The Downturn in the Spot Gold Price

Grant Williams, chief investment strategist for Mauldin Economics’ Bull’s Eye Investor, recently published a piece in his weekly newsletter Things That Make You Go Hmmm. At its core, the article gives a different take on the recent downturn in gold markets.

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Gold Demand – The Greatest Misunderstanding In The Gold Sector

Gold Demand – The Greatest Misunderstanding In The Gold Sector

The demand for physical gold has been driven mainly by the East; Western large investors have been selling gold signaled by the mass exodus from the GLD ETF. Besides, newly mined production only accounts for some 2% of total above-the-ground gold. The new production is low compared to a very high stock; the technical term for this is “stock to flow ratio.” Precious metals are unique commodities from the point of view that they have a very high stock compared to their flow. Gold demand and gold production are no primary drivers of the gold price. Gold demand merely points to a shift in gold ownership from one hand (read: hemisphere ) to another.

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Chinese Housewives vs. Goldman Sachs: No Contest

| September 24, 2013 | Category: Physical Market
Chinese Housewives vs. Goldman Sachs: No Contest

Goldman Sachs is once again predicting that gold will fall, setting a new near-term target of $1,050.

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Gold Continues to Move from West to East: Is Yours?

Gold Continues to Move from West to East: Is Yours?

It’s no secret that demand for gold has always been strong in the East. But since gold’s mid-April correction, the move from Western economies to Eastern ones has picked up steam. Part of the reason is that Western governments own more gold than their Eastern counterparts, especially as a percent of total reserves. But the Eastern world is also seeing more inflation and is more wary of political promises and assurances.

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Lower Gold Prices Continue to Spur Demand for the Physical Metal

Lower Gold Prices Continue to Spur Demand for the Physical Metal

Bullion dealers around the world continue to struggle to find adequate supplies as demand remains strong, especially in the Middle East where concerns about inflation and geopolitical risk with regard to Syria and Iran is leading to very robust demand. While the demand for physical gold continues in the East, individuals in the West are cutting their bets on the precious metal. Investor sentiment seems to be about as bad as it can get.

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High Premiums Reflect Strong Global Demand For Physical Gold

High Premiums Reflect Strong Global Demand For Physical Gold

Demand for physical gold remains extremely high all over the world. After the flash crash of mid-April which statistically occurs once in a billion years the flight to physical gold and silver has been unseen. Premiums had risen to extreme levels. In fact, the premiums are still extremely high, reflecting the continuing high demand. Only in India and Hong Kong have premiums come down from their highs earlier this month.

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