2015 global gold supply deficit could be substantial

If we take the SGE gold withdrawal figures as being a more representative indicator of physical gold movement from the West to China, rather than the limited assessments by GFMS used in the latest WGC report, and add in Indian and other global demand then gold supply is already in deficit, with shortfalls becoming ever higher.

This analysis is yet another shot at the Word Gold Council’s statistics on gold demand globally.  The WGC has proven itself time and again to be extremely inept in collecting and analyzing data on the total demand for gold annually.   You can read the rest of the article here:  LINK.

 

10 thoughts on “2015 global gold supply deficit could be substantial

  1. Gold production could cease for twenty years and you could have the gold price decline due to dishoarding by speculators.

    The stock to flow ratio is measured in half centuries. 170,000 tons vs 2,500 produced.

    Focus on investment demand–real interest rates, credit spreads.

    You are just reporting noise.

    1. You are a moron. “Dishoarding by speculators?” What are they dishoarding? Paper gold, you dolt. If the Comex were to enforce the same open interest to underlying physical available for delivery in gold and silver that the CME enforces in every other commodity, manipulation using paper gold would not be possible. True price discovery in the metals would occur and shitbrains like you would discover that gold would be multiples higher than where it is now.

      1. Hey Dave, When I first read your retort to John Chew
        I thought that it was my wife except in reverse. My wife
        always reminds me what dumb ass I’ve been for not
        unloading at $1500.00. Jesus H. , when she sees this
        price today. Thanks for the entertainment. Lmao.

  2. “The WGC has proven itself time and again to be extremely inept in collecting and analyzing data on the total demand for gold annually. ” I wouldn’t say that, the World Gold Council has excellent skill in collecting data, analyzing data-And fabricating data just like the BLS, and providing the happy data that paper bulls want the masses to hear. Is there any major gold related entity that isn’t corrupt?

    When integrity is abandoned in the penthouse don’t expect integrity on the ground floor.

  3. Dave , the WGC is nothing more than a glorified marketing/propaganda outfit, that parrots the skewed statistics spewed forth from GFMS. You know who owns GFMS? Surprise! Surprise! Only the biggest MSM oligarchal propaganda outfit of them all – Thompson-Reuters!

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