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Exaggerated gold demand claims

Behind an eye-catching headline trumpeting 7% growth in gold demand over the past year is a confusing statistical picture offering little guidance about market conditions for the precious metal.

Exaggerated gold demand claims Exaggerated gold demand claims Exaggerated gold demand claims Exaggerated gold demand claims Exaggerated gold demand claims

Tonnages of gold used cannot increase any faster than the amount of gold being mined

My Twitter feed alerted me earlier this month to the release by the World Gold Council (WGC) of its latest demand and supply estimates covering the period to the end of March 2019.