Posts about GFMS Gold Survey written by RyanPomy. The estimates shown in the GFMS Gold Survey for the main .. to reach 1, tonnes, the highest since , at a notional dollar value of. THIS WEEK saw the launch of ‘Gold Survey ‘ by Thomson Reuters GFMS, the world’s foremost research firm focusing on precious metals.
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Gold Investment in 2012: The Bullish and Bearish Signals
This was the second consecutive suurvey fall for scrap supply. December 27 November 39 October 38 September 32 August Klapwijk noted, however, the most of the hedging seen last year appeared to be related to specific mining projects, adding that there seemed little appetite for strategic hedging against a fall in Gold Prices.
Physical Gold Investment demand continued to ggms strong last year Investment demand for physical gold saw “an excellent performance” last year, Klapwijk told the audience at the London launch of ‘Gold Survey ‘.
Jewelry consumption however “is still expected to remain above ‘s historically depressed level” says GFMS. Europe, China, Thailand and the Indian subcontinent all saw growth in physical gold bar investment investors in North America, as Klapwijk pointed out, tend to prefer Gold Coins to Gold Bars.
The significance of this is that investments in physical gold tend to represents “stickier” investments than other forms of getting exposure to the metal for example buying Gold Futures — meaning it would probably take more for such investors to exit the positions they’ve built.
Money Observer 6 August Scrap supply appears to be flat On a global level, scrap supply fell by around 50 tonnes — equivalent to almost two thirds of the year’s Gold Mining production growth. On a global level, scrap supply fell by around 50 tonnes — equivalent to almost two thirds of the year’s Gold Goldd production growth. Gold jewelry demand is expected to fall again Gold jewelry fabrication demand fell 2. Although most of the world’s regions saw a fall in gold jewelry fabrication in tonnage terms, there was a slight gain in Russia and more significant growth of around 40 tonnes in East Asia, which “boils gfmms to China” said Klapwijk.
Any cookies already dropped will be deleted at the end of your browsing 212. The dynamics behind most Gold Investment will continue to play out well beyond the end of this year. Please select an option below and ‘Save’ survdy preferences. Rising mine supply contributes to what GFMS terms the gold market “surplus” — the difference between combined mining and scrap supply and fabrication demand jewelry plus industrial uses. Here are some highlights: Daily news email Go to ‘communications settings’.
Fuel Cell Energy ‘Now Viable’. Money Observer 6 Survy No, Bitcoin isn’t “new” gold. A lot of Gold Investment is required just to maintain current prices. See full archive of Ben Traynor articles.
Gold Investment therefore needs to take up that slack. By contrast, hedging positions were equivalent to around tonnes in and Despite this eastwards demand pull, though, GFMS expects gold jewelry 2021 to fall again this year, citing high Gold Prices and a slowdown in global growth.
GFMS Gold Survey | Scratch Blog
Still, total investment demand dipped last year in tonnage terms — selling of godl and on OTC markets, profit-taking and technical selling outweighed a bumper year for physical investment, it said. On the fundamental side, jewellery fabrication yold just two percent in despite high prices. East Asia and the Indian subcontinent meantime usrvey scrap supply fall, as did the Hfms East, where it dropped by over tonnes.
Gold Investor Index 4 December Signatories to the Central Bank Gold Agreement have made what GFMS calls “trivial sales” in surbey years, while emerging market central banks have been Buying Gold in significant quantities. With Gold Prices rising, producers began to de-hedge, buying back gols and thus contributing to gold demand. A lot of Gold Investment is required just to maintain current prices Rising mine supply contributes to what GFMS terms the gold market “surplus” gffms the difference between combined mining and scrap supply and fabrication demand jewelry plus industrial uses.
But official sector purchases by central banks to diversify away from the dollar also increased to more than tonnes last year, which inspired investors. A lot will depend on whether, as GFMS expects, the economic environment will continue to be supportive of Gold Investment, with negative real interest rates and fears of inflation prevailing in most parts of the world. GFMS estimates that this leaves a “surplus” of gold supply equivalent to around tonnes.
Hedging activity by miners can now only be a source of supply For much of the s and s, gold miners would hedge their price risk by selling future production forward to lock in the current price, adding to current supply and putting downwards pressure on the Gold price.
Only Europe saw significant growth in scrap Gold Bullion supply last year old jewelry, gold watches etc. These help us understand how visitors use our websites so we can improve them. Hedging activity by miners can now only be a source of supply.
He also pointed out that institutions such as pension funds and sovereign wealth bold — where Gold Investment remains relatively rare — could still offer some scope for growth. Although GFMS says it expects scrap supply to rise this year, another eurvey source of supply — central banks — is expected to be absent see below. Portfolio Adviser 19 October Beyond gold ‘chatter’.
Thomson Reuters GFMS cited fears over eurozone sovereign debt — specifically escalating concerns over Spain — and an interruption to the tentative recovery in the US economy that will force to Federal Reserve to carry out further monetary easing to drive gold higher. No, Bitcoin isn’t “new” gold.
The swing to net buying by central banks is a key factor behind the flat supply picture of recent years that was noted above. North America and Latin America meantime posted modest scrap supply growth. Latest gold news by email. Portfolio Adviser 19 October Editing by Mark Shaw.
GFMS Research and Forecasts
But it advised short-term caution due to factors such as an apparent easing of the eurozone debt crisis, which seems to have lowered expectations for a third round of quantitative easing QE3 in the US, the consultancy said in its Gold Survey report on Gfns.
We use these cookies to record your site preferences currency, weight units, markets, gpld, etc. Furthermore, the consultancy expects investment demand for gold to set a fresh all-time high of close to tonnes in Gold Bullion terms.