A twenty-trillion dollar market.
The World Gold Council reports above-ground stocks at 216,265.4t as of end-2024, with the share of gold held in the form of jewelry continuing to decline as gold becomes re-monetized.
Factors driving the price of gold higher appear well entrenched, with higher prices leading to a shift in the stock of gold from jewelry to bar and coin.
The World Gold Council reported last month that above ground stocks were estimated at 216,265.4t. Assuming an increase in mine supply of 875t this quarter, a current price of gold of USD 2,915/oz would…
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