Wednesday 16 October 2013

How The World Uses Gold

The global gold supply reached 4,477 tonnes in 2012, with the gross value added (GVA) of the entire market estimated to be in excess of $210 billion, according to a new report from PwC.
But who actually holds the shiny yellow metal?
Take a look at this chart from the report showing global gold demand in 2012. Central bank purchases accounted for 12% of demand, while individuals' coin and bar purchases accounted for 29%. Jewellery had the largest share, at 43% last year.
The United States of America holds more gold than any other country in the world.
Gold holdings: 8,133.5 tonnes
Percentage of total foreign reserves: 75.1%

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