SupplyMine production ( new record, growing for 13 years)Net government sales ( averaged some 7% of mine output in decade to 2011, but China, India and Russia now stopped)Scrap from silverware & industry ( peaked with prices in 2011; lowest in at least 10 years in 2014)Net hedging supply ( forward sales by miners to lock in prices now tiny after going negative during boom and bust)DemandJewelry ( steadily growing)Coins & bars ( four times the weight of a decade ago)Silverware ( recovering but lower from 2006)Industrial fabrication ( trending lower), led by:- electricals & electronics ( growing slowly)- brazing alloys & solders ( ditto)- photography ( not quite dead yet)- photovoltaic ( surging again on fresh solar-energy subsidies and investment)Plus the net change in exchange-traded investing trust funds (ETFs) and in reported inventories for futures exchanges such as the CME and SHFE.
Save your cookie preferences
Please select an option below and 'Save' your preferences.
You can update your cookie preferences at any time from the 'Cookies' link in the footer.
Gold Price News
Gold Investing In Depth
Gold Investment Analysis
Adrian Ash is director of research at BullionVault, the physical gold and silver market for private investors online. Formerly head of editorial at London's top publisher of private-investment advice, he was City correspondent for The Daily Reckoning from 2003 to 2008, and is now a regular contributor to many leading analysis sites including Forbes and a regular guest on BBC national and international radio and television news. Adrian's views on the gold market have been sought by the Financial Times and Economist magazine in London; CNBC, Bloomberg and TheStreet.com in New York; Germany's Der Stern; Italy's Il Sole 24 Ore, and many other respected finance publications.
See the full archive of Adrian Ash articles on GoldNews.
Please Note: All articles published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it. Please review our Terms & Conditions for accessing Gold News, RSS links are shown there.