Gold demand Q3 2017

[pmbug]

– Gold coins and bars saw demand rise 17% to 222t in Q3, driven largely by China
– Chinese investors bought price dips, notching up fourth consecutive quarter of growth
– Jewellery, ETF demand fell while gold coins and bars saw increased demand
– Central banks bought a robust 111t of gold bullion bars (+25% y-o-y)
– Russia, Turkey & Kazakhstan account for 90% of 111t of central bank demand
– Turkey increased gold purchases and saw broad based physical gold demand
– Gold demand in Q3 at eight-year low as ETF inflows slowed sharply
– Gold demand saw 9% year-on-year (y-o-y) drop in to 915 tonnes (t)
– Total global gold supply fell 2% in Q3
...

http://www.goldcore.com/us/gold-blog/gold-coins-and-bars-saw-demand-rise-17-to-222t-in-q3/

Looks like demand for physical gold on the investment side is up. Demand for physical gold for jewelry is down. Demand for paper gold is down (if I understood the ETF demand correctly).

 

[Christian]

Gold is probably the most undervalued precious metal at this moment. There is talk of a coin that allows you to buy the precious metal.

 

[mmerlinn]

Christian, I find your statement hard to believe. Historically the gold to silver ratio has been in the neighborhood of 1:16, yet for years the ratio has hovered around 1:70 and today is 1:78 making silver EXTREMELY undervalued compared to gold.