PrepperNow
Politics • Culture • News • Preparedness
Prepping, Politics and Societal Decline!
We know what’s coming and we are prepared.
Interested? Want to learn more about the community?
February 04, 2024
Gold Metal

2023 Gold Demand Peaks Amid Global Uncertainties

The Global Gold Council's 2023 report unveils the complex dynamics of gold demand. Louise Street, a senior analyst, predicts that ongoing conflicts, trade tensions, and numerous global elections will likely steer investors towards gold.

This year, gold demand, excluding the over-the-counter (OTC) market, fell slightly to 4,448 tons, down 5% from last year. Yet, when including OTC and other sources, demand hit a record high of 4,899 tons, pushing the average annual gold price to its peak for 2023.

Central bank purchases maintained a swift pace, reaching 1,037 tons, the second-highest ever, only 45 tons below last year's record.

Despite strong demand from OTC and central banks, ETFs saw a third year of net outflows, totaling 244 tons, mainly in Europe.

Bar and coin investments dropped by 3%, balancing out with varying market strengths. European demand notably decreased by 59%, while China saw a 28% increase to 280 tons. India, Turkey, and the United States also reported significant rises.

The jewelry sector remained robust despite high prices, with a slight annual increase. China, recovering from COVID-19 lockdowns, saw a 17% rise in demand, contrasting with a 9% fall in India.

Mining output was stable with a 1% growth, and recycling went up by 9%, leading to a 3% increase in overall supply, which was lower than anticipated considering the high gold prices.

Street highlighted central banks' steady demand as a crucial support for the gold market, compensating for other market areas' weakness. She pointed out that geopolitical uncertainties often boost gold demand. With the expected influence of conflicts, trade tensions, and elections in 2024, investors might turn to gold as a safe asset.

Street also noted that central banks frequently mention gold's crisis performance as a purchase rationale, implying that this sector's demand is likely to stay strong.
Source

Interested? Want to learn more about the community?
What else you may like…
Videos
Posts
September 04, 2025
Young White Male

The reportedly Jewish Transgender shooter is all of a sudden a "Young White Male," and therefore we need to disarm ALL YOUNG WHITE MEN, according to lesbo-looking Fox News commentator Trey Gowdy.

The talking points have been dispensed, and they are quickly trying to spin this hate crime against Christian Whites to be a 2A and “antisemitism” issue.

Don’t let them get away with this.

00:00:47
September 02, 2025
Dang girl

🇺🇸 Texas Republican Congressional candidate Valentina Gomez is going viral after releasing her new campaign ad of her lighting the Islamic Quran on fire, saying Islam must be stopped "once and for all."

"Muslims can f*** off to any of the 57 Muslim nations."

"I will end Islam in Texas, so help me God," Gomez said, running for TX-31

Follow us -> LiveLeak

00:00:38
A court in Austria has ruled that Sharia Law is legally binding.
00:00:47
See More
Available on mobile and TV devices
google store google store app store app store
google store google store app tv store app tv store amazon store amazon store roku store roku store
Powered by Locals