Tag: world gold council

The World Gold Council (WGC)

The World Gold Council (WGC)

The World Gold Council is an non-profit organization of the world’s main gold producers. The WGC was established to help improve the global demand not just for gold but also to increase interest in gold, and plays a very big role in maintaining today’s gold industry. The WGC headquarters is located in London.  It covers the market that holds almost three-fourths of the worlds gold consumption. The main objective of the WGC is to maximize the potential industrial growth of gold consumption by monitoring and defending its existence. The WGC also researches and develops other uses for gold. The organization’s main objective is to trigger and retain the demand of […]

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World Gold Council Reports Significant Error In China’s Gold Holdings

World Gold Council Reports Significant Error In China’s Gold Holdings

On Thursday this week, the World Gold Council published their monthly update on official gold holdings. As noted by ourselves, and confirmed by Zerohedge, the official holdings from China have not changed despite their massive gold imports in 2013. The first 8 months of this year saw 3/4th imports of the supposedly total holdings, which is significantly incorrect.

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Demand For Gold Bars/Coins Make Up For ETF Outflows In Q2 2013

Demand For Gold Bars/Coins Make Up For ETF Outflows In Q2 2013

During the second quarter, gold demand accounte for 856.3 tonnes. That’s 12% less than the same quarter a year ago. A wave of outflows from ETFs was the principal cause of the decline, although this was mitigated by record demand for gold bars and coins. Continuing the theme of the previous quarter, demand for jewellery grew significantly to reach multi-year highs. Supply declined by 6%, the primary reason being a marked contraction in recycling.

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Global Gold Demand 2012

| February 15, 2013 | Articles: General
Global Gold Demand 2012

The latest World Gold Council report is out. It details the gold demand for the fourth quarter of 2012 and gives the total 2012 figures. In this article, we pick out the highlights in the 2012 global gold demand.

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