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2014 Gold Demand Remained Well Above Pre-Crisis Levels
schiffgold.com / BY MIKE FINGER / FEBRUARY 12, 2015
The World Gold Council (WGC) has released its Gold Demand Trends report for the full year of 2014. Overall, gold demand was down 4% compared to 2013. The financial media often latches on to just this headline number, adding it to the list of factors it uses to discredit investment in physical gold and silver.
Once again, it’s important to emphasize that gold investment is a long-term strategy. Judging the strength of the physical gold market and investor interest in precious metals by simply comparing year-over-year statistics is a short-sighted game. 2013 saw an all-time record high for physical bar and coin demand, largely because investors rushed to take advantage of a lower price. It’s no wonder that 2014 couldn’t compete, with its relatively stable price of gold in US dollars.
However, compare total bar and coin demand in 2014 to 2004. It’s nearly 300% higher. As the WGC notes, “demand remains well above levels that were the norm in the pre-financial crisis world.”
The post 2014 Gold Demand Remained Well Above Pre-Crisis Levels appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/02/12/2014-gold-demand-remained-well-above-pre-crisis-levels/
