subject: Rapid increase in the proportion of gold investment market continues unabated - Tile texture [print this page] Suppressed by the stronger dollar, the international price of gold fell below 17 intraday Asia City 1130 U.S. dollars. Despite the rebound in the gold market short-term dollar is still under oppression, but investor interest in gold is still on the increase, the rapid increase in the proportion of gold investment market continues unabated.
According to the World Gold Council's latest statistics, the world's total deposits have been identified on the floor and 16.3 tons of gold content. The international financial crisis, the global gold market structure is undergoing significant change, gold jewelry decreased the proportion of total gold market, gold investment account is the rapid increase in the proportion of the gold market.
Everbright Futures Institute at Hu Yanyan, said the trend of gold will continue to be strong next year, but the overall increase would not have so much in 2009. First of all from the supply perspective, in 2010 the lack of a clear negative factor in the gold market, the central bank reduced the net sales of gold, mineral, gold supply is limited increments, renewable payments will increase more, but was offset by strong demand, the market did not cause too much concern. Second, the demand side, although physical gold consumption by the price limit, but large-scale increase in investment demand in recent years, are expected to remain high, so biased in favor of the gold supply and demand side to rise.
According to Everbright Futures data, the total demand for gold investment demand, market share, from 20% in 2006 before rising to more than 30%, and in 2009 a quarter of 50%. Reflected in spot and futures market positions change, the world's largest volume of gold ETFs funds holding gold since the end of 2008 an increase of more than 300 tons. COMEX gold futures position than the end of 2008 the total increase of 77%.
Although the proportion of gold in the global asset allocation is still low, but the upward trend amazing. According to 2008 data, 27,300 tons of individual gold investment amount, only 0.58% of the global financial assets. Since entering in 2009, the global gold market structure has changed significantly. According to the World Gold Council statistics, as of the third quarter of 2009, gold, gold jewelry accounts for the total global market share decreased from 64% to 49%; while gold investment accounted for the total market share of the world's gold, has jumped to 26% 42%; while the proportion of gold for industrial use from 13% to 10%.
Whether the central bank to buy gold in 2010 will be the main, most investors will be the focus of attention. According to the World Gold Council statistics, the current global stock of 163,000 tons of gold on the ground, which accounts for the largest share of gold jewelry, reaching 83,600 tons; gold personal investment amounted to 27,300 tons; country's official reserves of gold reached a total of 28,700 tons; industrial and other amounted to 19,700 tons of gold, the rest are still thousands of tons of the uncertain fate.
Head of global commodities Ivy? Han Bo said that the 2010 and subsequent years, the central bank net purchases of gold, the ultimate establishment of the state. The most noteworthy is that the central bank next year will be the first time in 20 years acquired gold gold more than the amount sold, which will determine the gold stand on a solid foundation for 1000 U.S. dollars.
French bank in the latest report also said that as central banks continue to maintain very low interest rates, forecast first half of 2010 the commodity market will continue to maintain strong investment demand, gold prices in 2010 may reach 1,500 U.S. dollars before , and in gold the next two quarters, driven in precious metals prices rebounded sharply.
Rapid increase in the proportion of gold investment market continues unabated - Tile texture
