Sourcing: TheStreet By Alix Steel - 08/31/11 - 8:04 AM EDT
*Currency debasement*
Negative real interest rate (interest rate minus inflation), which means your dollar in the bank is worth less. As paper currencies lose value, gold shines as a store of wealth.
*Central banks have become net buyers of gold*
Have imported 198.4 tons of gold in the first half of 2011. In the second quarter, Russia bought 26 tons, South Korea bought 25 tons and Mexico added 5.9 tons to its 100 ton purchase back in the beginning of the year.
*Jewelry Buying*
The often forgotten role of gold: jewelry. It accounts for almost 50% of global demand and the primary buyers are China and India. In the second quarter, according to the WGC, India accounted for 32% of world jewelry demand at 139.8 tons while China followed a close second, up 16% at 102.9 tons.
*Supply & Demand*
Total gold demand for the second quarter was 919.8 tons, outpacing the growth in mine supply.
*Currency debasement*
Negative real interest rate (interest rate minus inflation), which means your dollar in the bank is worth less. As paper currencies lose value, gold shines as a store of wealth.
*Central banks have become net buyers of gold*
Have imported 198.4 tons of gold in the first half of 2011. In the second quarter, Russia bought 26 tons, South Korea bought 25 tons and Mexico added 5.9 tons to its 100 ton purchase back in the beginning of the year.
*Jewelry Buying*
The often forgotten role of gold: jewelry. It accounts for almost 50% of global demand and the primary buyers are China and India. In the second quarter, according to the WGC, India accounted for 32% of world jewelry demand at 139.8 tons while China followed a close second, up 16% at 102.9 tons.
*Supply & Demand*
Total gold demand for the second quarter was 919.8 tons, outpacing the growth in mine supply.
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