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.
One ounce American Gold Eagle coin sales were up 456% year over year in July.
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.
Withdrawals on the Shanghai Gold Exchange are running 34% higher than last year and at a record pace:
The Wall Street Journal takes note of increase in July Chinese gold sales.
Indian Gold Imports up 61% April-June
Russia added 800,000 ounces of gold to its reserves in June.
Combined Chinese, Indian, Russian and Turkish gold demand is impressive:
Perth Mint Gold sales were up 29% in July year over year.
South Korea is on pace for record gold demand in 2015. (buckingthe global down trend according to Reuters!)