Here’s what to do if you’re sitting on big gains in gold stocks today…
by Ben Morris
Source: Daily Wealth Trader
http://thecrux.com/how-to-find-the-top- ... ys-market/
Demand for gold comes from four main sources:
1. jewelry,
2. technology (mostly for electronics),
3. investment, and
3. central banks and other big institutions.
During the second quarter of this year (beginning of April to end of June), demand (in terms of volume, rather than in terms of value) fell in three of these categories.
Jewelry demand fell 14% compared to the year before. The technology sector required 3% less, and central bank demand dropped 40%. This makes sense – when prices rise, demand declines.
The big exception to this is investment demand, which was up 141% compared to last year. Over half of this stemmed from demand for gold ETFs.
During the second quarter of this year, the biggest growth in consumer demand for gold came from Japan, the U.K. and the U.S.
Demand in India fell 18% since the second quarter of 2015, and it fell 14% in China. Still, China and India combined still accounted for 45% of total consumer demand.
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