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 Investor Index survet December Gold buying ‘cautious’ again. GFMS points out there was a “secular increase” in supply from scrap, producer hedging and official central bank sales between and — a factor which it reckons contributed to the lackluster Gold Price during that period. GFMS estimates that this leaves a “surplus” of gold supply equivalent to around tonnes. Furthermore, the consultancy expects investment demand for gold to set a fresh all-time high of close to tonnes in Gold Bullion terms.
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Last year saw an annual gain of 2. With Gold Prices rising, producers began to de-hedge, buying back positions and thus contributing to gold demand. No, Bitcoin isn’t “new” gold. 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.
Gold Investment therefore needs to take up that slack. Physical Gold Investment demand continued to be 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 ‘.
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. He also pointed out that institutions such as pension funds and sovereign wealth funds — where Gold Investment remains relatively rare — could still offer some scope for growth.
GFMS Research and Forecasts
BullionVault cookies and third-party cookies. Hedging activity by miners can now only be a source of supply.
East Asia and the Indian subcontinent meantime saw scrap supply fall, as did the Middle East, where it dropped by over tonnes. Please select an option below and ‘Save’ your preferences. The significance of this is srvey 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.
Gold Mining supply is expected to continue growing this year. 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. Several BRIC countries — specifically Brazil, India and China — are also likely to loosen monetary policy, which would be bullish for gold. 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.
Gold jewelry demand is expected to fall again Gold jewelry fabrication demand bold 2. Worldwide gold mine production rose for the third year running in gild Of course, short-term gains are not the primary reason most people make a Gold Investment, especially not those Buying Gold in physical bullion form.
Here are some highlights: For those weighing up the pros and cons of making a Gold Golf this year there were both bullish and bearish signals, writes Ben Traynor at BullionVault. Last year was the first year in over a decade that net hedging was positive, the producers in aggregate adding six tonnes to their combined position.
That said, there is obviously a limit to most investors’ stickiness. Only you can decide surveyy best place for your money, and any decision you make will put your money at risk. 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.
GFMS GOLD SURVEY – Gold seen hitting $2,/oz by year-end – The Bullion Desk
Investment demand for physical gold saw “an excellent performance” last year, Klapwijk told the audience at the London launch of ‘Gold Survey ‘. The bulk of fabrication demand was again accounted for by developing countries, where gold jewelry is often bought for golld as much as adornment purposes. Signatories to the Central Bank Gold Agreement have ogld what GFMS calls “trivial sales” in recent years, while emerging market central banks have been Buying Gold in skrvey quantities.
A Cambridge economics graduate, he is a professional writer and editor with a specialist interest in monetary economics. Many of the factors expected to fuel investor interest this year — low or negative real interest rates and shaky equity markets — were present last year, Thomson Reuters GFMS said.