The size and structure of the gold market

We published a new primer on #gold last week at the same time as #golddemandtrends

"Gold Market Size and Structure"

https://t.co/CHEvweEjJW https://t.co/WK4clZHwks

I'll tweet out some of the highlights from the report for those too lazy to download it.

Above: total stock of #gold above ground is about 209,000t.

Below, the value of this stock. https://t.co/aCsiXGP3Ea

Note that there are substantial quantities of OTC #gold derivative positions that are not included in this total as this information is not readily or reliably available.

I find this graphic to be very useful when setting the scene about #gold demand.

It demonstrates the diversity of demand and shows the relative strength of the categories (10-year averages). https://t.co/AYj6PlG5OZ

And this graphic shows the diversity of supply.

(note the bubbles are only approximately scaled - we couldn't get Europe into any sensible sized bubble as it's production is so tiny). https://t.co/g0AeaSOner

Finally, #gold's proportion of Global Central Bank reserves is shown on this graphic. https://t.co/Nv2uWUjFpg

Our #gold primers are a growing source of background information on the gold market and can be accessed on Goldhub here:

https://t.co/5FPf3FPkQ1