Table 1: Official Gold Holdings (tonnes), from 2004 to Sept. 2011
Source: World Gold Council 2011, IMF, HD Capital
Despite net Reserves having remained largely static over the past half-century, if 2010-
2011 Central Bank buying momentum is maintained going forward then purchases
should account for 13% of global primary production, which in turn would represent
a significant new source of gold demand.
Table 2: Official Gold Sector Net Purchases/Sales (tonnes), from 2004 to Sept. 2011
Source: World Gold Council 2011, IMF
2004 2005 2006 2007 2008 2009 2010 2011*
Africa 420 420 420 420 420 422 422 422
Asia 2,402 2,417 2,496 2,564 2,654 3,153 3,170 3,226
Australasia 80 80 80 80 80 80 81 81
Eastern Europe 930 933 949 941 1,015 1,142 1,283 1,347
Western Europe 14,051 13,529 13,207 12,707 12,436 12,300 12,294 12,294
Indian sub-continent 432 432 432 432 432 657 663 666
Latin & South America 571 571 571 573 576 586 599 714
Middle East 1,072 1,082 1,162 1,174 1,182 1,187 1,367 1,367
North America 8,140 8,140 8,138 8,138 8,138 8,138 8,138 8,138
IMF/ECB/BIS 3,425 3,418 3,402 3,368 3,355 3,342 3,342 3,342
Total 31,523 31,022 30,857 30,396 30,289 31,008
- Forums
- Commodities
- GOLD
- worth a read...onwards and upwards?
worth a read...onwards and upwards?, page-4
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add GOLD (COMEX) to my watchlist
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online