Search This Blog

November 15, 2013

#Gold`s inexorable move east - a #chart says it all

this flow can also be marked in the volume of the metal being converted from London Good Delivery bar-form into smaller, 'Asian consumer-friendly denominations of kilo-bars and below...
Further proof of the yellow metal's journey east comes in the form of a graph from the World Gold Council.

Chart demonstrating gold's inexorable move east

GOLD NEWS

Author: Geoff Candy
Posted: Thursday , 14 Nov 2013 
GRONINGEN (MINEWEB) - 
The graph below is from The World Gold Council's latest Gold Demand Trends report and is appropriately titled West to east.
The Council makes the point in its commentary that this flow can also be marked in the volume of the metal being converted from London Good Delivery bar-form into smaller, 'Asian consumer-friendly denominations of kilo-bars and below'.
According to the WGC, "Eurostat show exports of gold from the UK to Switzerland for the January – August period grew more than tenfold, to 1,016.3t.1 This compares with a total of just 85.1t for the same period in 2012."
This trend is something Mineweb has watched with interest over recent years; the graph below is just further proof of just how sharply the move is happening.

No comments:

Post a Comment

Commented on MasterMetals

ShareThis

MasterMetals’ Tweets

Tags

IFTTT Twitter MasterMetals News Gold MssterMetalsNews MasterMetalsNews mining stocks Commodities Mining GLD Silver COPPER Oil China Metals Dollar Energy Precious Metals MasterEnergy GDX trading Hedge Funds EV Battery Metals Finance Platinum exploration Glencore USA GDXJ Africa ETF Canada Nickel Charts Chile Euro Technical Analysis BHP Base Metals LME Lithium Australia Futures Iron Ore Latin America central banks Cobalt IPO Palladium RIO Uranium Barrick CME DRC SIL SLV South Africa TSX middle east zinc Anglo American Asia FED India PSLV Russia Trafigura Venezuela comex AEM AngloGold Argentina Batteries Bonds Chavez Debt Ecuador Kinross NEM PPLT Renewables coal currencies Bitcoin Iran JPMorgan Chase Japan Mexico Newmont PGM Peru Switzerland TSXV VALE Agriculture BP Brazil EQX Education FCX Gas IVN London Lundin Metals Streaming NYMEX Nuclear Oreninc Roxgold Royalties Sprott Strategic Metals Turkey UK Vitol WGC infographic AU Amplats Autonomous Vehicles Azimut Banks BlockChain CFTC CODELCO COT Cerrado Gold Colombia Cote d'Ivoire Critical Metals EDV Egypt Electricity FIL FSM Filo Financings GATA GMIN Goldman Sachs Guinea HFT Indonesia Irak LSE LUG Loonie M&A MENA Mongolia NDM NGEx Orion Oro PIIGS RUP Rare Earths REE Rhodium Robert Friedland Rupert Resource S&P SBSW SQM SWF Saudi Arabia Tsingshan UAE VALT VC VW Valterra Yuan money quebec rare earths $MAU 1971 1979 AAUC ADM AGI ALB ARIS ASX ATH ATY AUY AZM Abu Dhabi Agarwal Alaska Antimony B BIS BTG Bill Clinton Bin Laden CBX CCB CITGO CMOC Cameco Cargill Cars Chuquicamata Clice Capital Cobalt27 CoronaVirus Covid19 Crypto DFC DJIA DOJ DPM Defense Demographics Djibouti E-Waste ECB EGO EM EPA ESG El Dorado Endowments Environment Europe FVI Fav Finland Food ForEx Frank Giustra Freeport McMoran GBP GDP GFI GFMS GTWO Ghana Graphite Great Be Greece Green Energy Gundlach Gunvor Guyana HPX Haftium IAG IOC Inflation Ivanhoe Mines KGC KL Kazakhstan Kurdistan LBMA Louis Dreyfus Lunahuasi MAKO MF Global Mercuria NAK Nevada Nigeria Northern Dynasty Oman Osisko PDVSA PEA PEMEX PG Pebble Pebble Project Politics Private Equity Rabbit Recycling Repsol Research Rhenium Rusal SKE SSRM Sensors Shale TGZ Tariffs Tech Teck Tesla Texas Trump Ukraine VGCX VIX Victoria Gold WPIC WPM Warren Buffett XAU XGD XStrata YPF Yen Yukon Zambia diamonds gold price spoofing stocks supply chain zinc News

Master Sites