And yet it is so much more to us as we reach for the stars and look to the future. Pushing the boundaries of science and technology we find the physical properties of Gold make it even more unique and valuable. Gold doesn’t just support the very concept of wealth, it now provides the building blocks of our future. The noble metal and the human race appear to be intrinsically linked and the relationship only grows stronger as we look forward. The first Q report for 2016 from the World Gold Council is contained herein.
Gold demand reached 1,290 tonnes Q1 2016, a 21% increase year-on-year, making it the second largest quarter on record. This increase was driven by huge inflows into exchange traded funds (ETFs) – 364t – fuelled by concerns around the shifting global economic and financial landscape. Higher prices and industrial action in India pushed global demand for jewellery down (-19%), while total bar and coin demand was marginally higher (+1%). Central banks remained strong buyers, purchasing 109t in the quarter. Total supply increased 5% to 1,135t. Hedging by producers (40t) supported an increase of 56t in mine supply, although countered by a marginal decline in recycling. The following link contains a downloadable 29 page pdf world Gold Council GDT_Q1_2016 (1)