The World Gold Council, a leading market development organization, released a study on global gold markets showing the retail investment market is ‘well positioned’ for future growth. The study looked into four major markets: China, India, Germany, and the US and found healthy latent demand within every market. It also identified some interesting purchasing distinctions between developed and emerging economies.
Despite all the recent news concerning falling gold prices, world demand for gold bars and coins is still booming. Since 2006, global demand has gone from 430 tons to 1,051 tons in 2015, which is a monetary move from $10 billion to almost $40 billion, according to the study.
A major cause that’s underpinned the exponential growth in the demand and price of gold has been growing anxiety and distrust in governmental and financial institutions.
This post was published at Schiffgold on DECEMBER 22, 2016.
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