Gold Demand

Posted | 24/04/2014 / Views | 2318
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Gold Demand

There are 1.3 billion Chinese citizens, let’s assume 25% can afford to buy ¼ of 1 ounce of gold. 1.3 Billion times 25% equals 325 million (about the size of the U.S.).

If each Chinese citizen (25%) were to buy just 1/4 of 1 ounce of gold then approximately 80 million ounces of gold would be taken off of the market (320 million x 1/4 ounce= 80 million).

"80 million" is more or less the figure of ALL gold ounces mined in 1 year on the entire planet.

If just 25% of Chinese citizens were to each purchase 1/4 ounce of gold it would amount to pretty much every single ounce that every mine on the planet pulled out of the ground… all year long!

If you look at the entire global population, there is barely 1/100th of one ounce of gold mined each year for each human being on the planet.

Put another way, there are 85 or so people on the planet for each ounce of gold produced.

If you buy just one ounce...that is your "share" of production for the next 85 years.

Does that sound like something that is "plentiful"? It turns out that gold when looked at from a macro view is anything but plentiful.

Got your share yet?