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Financial Media Ignores Accelerating Global Gold Demand

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#1 Sun, Aug 9, 2015 - 6:52pm
Smaulgld
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hampton, NH
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Financial Media Ignores Accelerating Global Gold Demand

Global gold demand from the U.S. to Asia is strong and has ramped up significantly since June.

Yet the financial media insists on reporting second quarter numbers that show a fall off in gold demand. If they’d look past the second quarter and look at demand data since June they’d see a completely different picture.

United States:

One ounce American Gold Eagle coin sales were up 456% year over year in July.

july american gold eagle sales one ounce july 30 2015

The U.S. Mint set a July gold sales record and sold more gold in July than the entire second quarter which included a strong June.

us mint american gold eagle sales 2015 2nd quarter and july

China:

Withdrawals on the Shanghai Gold Exchange are running 34% higher than last year and at a record pace:

sge week 30 july 31 2015

The Wall Street Journal takes note of increase in July Chinese gold sales.

India:

Indian Gold Imports up 61% April-June

india gold imports 2014-2015 may

Russia:

Russia added 800,000 ounces of gold to its reserves in June.

Russian gold reserves in Tons 2015

Combined Chinese, Indian, Russian and Turkish gold demand is impressive:

russia india china turkey may 2015

Australia:

Perth Mint Gold sales were up 29% in July year over year.

Perth mint gold sales july 2014-2015

South Korea

South Korea is on pace for record gold demand in 2015. (buckingthe global down trend according to Reuters!)

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