Posts about GFMS Gold Survey written by RyanPomy. The estimates shown in the GFMS Gold Survey for the main .. to reach 1, tonnes, the highest since , at a notional dollar value of. THIS WEEK saw the launch of ‘Gold Survey ‘ by Thomson Reuters GFMS, the world’s foremost research firm focusing on precious metals.
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GFMS Gold Survey | Scratch Blog
By contrast, supply from these sources has been flat sincedespite a sharp jump in scrap supplies at the onset of the financial crisis. Hedging activity by miners can now only be a source of supply For much of the s and s, gold miners would hedge their price risk by selling future production forward to lock in the current price, adding to current supply and putting downwards pressure on the Gold price.
The dynamics behind most Gold Investment will continue to play out well beyond the end of this year. Gold jewelry demand is expected to fall again Gold jewelry fabrication demand fell 2. That said, there is obviously a limit to most investors’ stickiness. Daily news email Go to ‘communications settings’. Last year saw an annual gain of 2. Although GFMS says it expects scrap supply to rise this year, another traditional source of supply — central banks — is expected to be absent see below.
Gold Investment in 2012: The Bullish and Bearish Signals
Hedging activity by miners can now only be a source of supply. Only Europe saw significant growth in scrap Gold Bullion supply last year old jewelry, gold watches etc.
A key driver of Gold Investment, says GFMS, is likely to be ongoing loose monetary policies adopted by the world’s central 2021. For much of the s and s, gold miners would hedge their price risk by selling future production forward to lock in the current price, adding to current supply and putting downwards pressure on the Gold price. Several BRIC countries — specifically Brazil, India and China — are also likely to loosen monetary policy, which would be bullish for gold.
The swing to net buying by central banks is a key factor behind the flat supply picture of recent years that was noted above. A lot will depend on whether, as GFMS expects, the economic environment will continue to be supportive of Gold Investment, with negative real interest rates and fears of inflation prevailing in most parts of the world.
BullionVault cookies and third-party cookies. Editing by Mark Shaw. But official sector purchases by central banks to diversify away from the dollar also increased to more than tonnes last 201, which inspired investors.
grms Many of the factors expected to fuel investor interest this year — low or negative real interest rates and shaky equity markets — were present last year, Thomson Reuters GFMS said. Most of the de-hedging — which contributed to the demand side — appears to have been done. For those weighing up the pros and cons of making a Gold Investment this year there were both bullish and bearish signals, writes Ben Traynor at BullionVault.
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Furthermore, the consultancy expects investment demand for gold to set a fresh all-time high of close to tonnes in Gold Bullion terms. Worldwide gold mine production rose for the third year running in Only you can decide the best place for your money, and any decision you make will put your money at risk. Klapwijk noted, however, the most of the survy seen last year appeared to be related to specific mining projects, adding that there seemed little appetite for strategic hedging against a fall in Gold Prices.
Of course, short-term gains are not the primary reason most people make a Gold Investment, especially not those Buying Gold in physical bullion form. Rising survet supply contributes to what GFMS terms the gold market “surplus” — the difference between combined mining and scrap supply and fabrication demand jewelry plus industrial uses. All articles published here are to inform your thinking, not lead it.
GFMS points out there was a “secular increase” in supply from scrap, producer hedging and official central bank sales between and — a factor gfmw it reckons contributed to the lackluster Gold Price during that period. Gold Mining supply is expected to continue growing this year. December 27 November 39 October 38 September 32 August One attendee at ggold launch asked whether there might be a surveey for saying many western investors are now overinvested in gold.
This process went into reverse as the bull market got underway. See full archive of Ben Traynor articles.
GFMS Research and Forecasts
The bulk of fabrication demand was again accounted for by developing countries, where gold jewelry is often bought for investment as much as adornment purposes. A lot of Gold Investment is required just to maintain current prices Rising mine supply contributes to what GFMS terms the gold market “surplus” — the difference between combined mining and scrap supply and fabrication demand jewelry plus industrial uses.
These help us understand how visitors use our websites so we can improve them. No, Gols isn’t “new” gold. From developing nations in the East to the quantitatively eased economies of the West, people are turning to surveyy as a vehicle for defending the value of their wealth and an insurance hedge against tail risks.
Gold Investment in The Bullish and Bearish Signals | Gold News
North America and Latin America meantime posted modest scrap supply growth. Portfolio Adviser 19 October With Gold Prices rising, producers began to de-hedge, buying back positions durvey thus contributing to gold demand.
Gold jewelry demand is expected to fall again. Money Observer 6 August Gold buying ‘cautious’ again. Signatories to the Central Bank Gold Agreement have made what GFMS calls “trivial sales” in recent years, while emerging market central banks have been Buying Gold in significant quantities. Learn about gold bullion coins and costs.
Any cookies already dropped will be deleted at the end of your browsing session. Investment demand for physical gold saw “an excellent performance” last year, Klapwijk told the audience at the London launch of ‘Gold Survey ‘. Mine production rose for the third consecutive year, up three percent, while producer hedging swung to a small positive position last year from net dehedging of tonnes in Scrap supply appears to be flat On a global level, scrap supply fell by around 50 tonnes — equivalent to almost two thirds of the year’s Gold Mining production growth.
Still, total investment demand dipped last year in tonnage terms — selling of futures and on OTC markets, profit-taking and technical selling outweighed a bumper year for physical investment, it said.