Loading ...Gold Demand
A couple of sharp guys at The Rambus Forum just made an observation about Gold demand
Question : Are you considering buying Gold jewellery any time soon ?
How about the Chinese ..are they in the mood for buying in these uncertain times ?
Anyhow I figured ..well its only the jewelry market ..so what ?
So what ?
Yikes
This is from 2017 but it’s not likely a lot different now
Who knew ?
Not me
I am shocked
We talk about coin and bullion demand all the time but it’s not half as important than jewelry
learn every day.
Cant have a gold bull without jewelry
Great let’s see those “will buy gold” sign spinners again on every corner! Then get that melted down for our desperate bankers. There still won’t be enough to go around once everybody discovers there are hundreds holding the same claim tickets. Or worse they get a 404 error, “file not found”. As in your gold is imaginary.
I hear you Aurum
That IS the problem
Well said, AM!
We now have a nation for the bankers and by the bankers 🙁
This is not about “people” getting the gold they need for insurance any more.
As Sir Fullgoldcrown has said, we might as well see another gold down move being engineered, and DXY going up while the broader stock market tanks again, to negate the drastic fall of the USDX in the past week.
How many times will we hear the reason: during a market crash, a performing asset like gold will also be sold to meet margin calls? Really ????
The scramble by the bankers to get every ounce of the currency of last resort, for themselves, may well happen with gold and dollar now going up again together in the next down leg of the Dow etc.
In some countries jewelry is bullion.
E.g. India
Every household saves a few earrings, bangles, or necklaces(if they can afford them) And in many cases these get passed on from generation to generation.
And they are 22-carat gold
Bullion (coins, bars) are for the filthy rich
Can’t say it has been a bad investment : https://goldprice.org/charts/history/gold_all_data_o_inr_x.png
Epic profit potential from the gold carry trade…https://www.youtube.com/watch?v=n6k0ZfDsmf0
Can we have a chart for those? Lets say demand for jewel goes gown.. how does the price of gold react?
All the charts breaking down demand for gold vs actual price of gold. Also supply charts. Jewelery does drive the price of gold. Misleading. Check out this https://seekingalpha.com/article/4311836-essence-of-gold-supply-and-demand-dynamics
Jewelry does NOT drive price of gold
The point about jewerly demand is no that it’s the price driver but that there cant be a shortage of physical gold i.e “above ground stocks” if the jewerly industry is dead and not buying it. All this available suppy will off set any of the physical gold demand by at least 2-3x.
“Gold trades more like a currency than a commodity.” .. also visible with my recent work for gold tracking debt/gdp.