Used Gold Supply Heads for ’08 Low as Sellers Balk

Consumers will sell the least used gold in five years after prices tumbled into a bear market, curbing a source of metal that typically accounts for about one in every three ounces of global supply.
Refiners will handle about 1,550 metric tons of old jewelry and other discarded metal this year, 4 percent less than in 2012 and the least since 2008, Toronto-based TD Securities Inc. estimates.

Click to expand...

Gold scrap supply likely to drop up to 25%. Scrap bullion supply could fall by 300 to 400 tonnes in 2013 from about 1,600 tonnes last year, according to Marcus Grubb, managing director of investment research at the World Gold Council.

Click to expand...