Sean Brodrick: Gold keeps looking stronger and stronger. And if you want my personal insights into what is driving gold and where it is going, you can join me this Saturday, Feb. 11, when I’ll be speaking at the World Money Show at the Gaylord Palms Convention Center in Orlando, Fla. Read more…
Stoyan Bojinov: Few things can withstand the test of time, and perhaps even fewer will be able to retain their monetary worth in today’s unprecedented economic landscape. The recent financial meltdown has brought upon a seemingly endless expansion of the money supply and our government has Read more…
Gold investment demand in tonnage terms may outpace jewelry usage due to investor concerns about the global economy and desire to diversify portfolios, the World Gold Council said Thursday.
“The structure of the gold market is changing,” WGC managing director Marcus Grubb told an audience at an ETF securities seminar here.
In 2008 gold investment accounted for 30% of total gold demand and jewelry accounted for 58% of total gold demand.
“In the first quarter I think investment demand could be higher than 30%” of total gold demand, Grubb said.
Grubb said jewelry demand from the world’s largest consumer, India, is suffering due to the effects of the recession.