Global demand for gold by purpose quarterly 2016-2019
The statistic shows the quarterly figures for the global demand for gold from the first quarter of 2016 to the third quarter of 2019. The demand of gold for investment purposes amounted to approximately 408.6 metric tons in the third quarter of 2019.
Gold as an investment – additional information
Throughout history, gold has been desirable and in demand and has been characterized as a high value commodity. When investing in any commodity, risk assessments need to be taken into consideration. Generally gold is considered to be a safe investment. It becomes an attractive means of money allocation especially in times of turmoil on the financial markets. Also governments locate a big part of their assets in gold. The United States was the leading gold holding country worldwide as of June 2019, with gold reserves amounting to 8,133.5 metric tons.
The demand for gold globally in 2018 was valued at 4,345 metric tons, with jewelry being the largest receipient of this precious metal.
Gold as an investment – additional information
Throughout history, gold has been desirable and in demand and has been characterized as a high value commodity. When investing in any commodity, risk assessments need to be taken into consideration. Generally gold is considered to be a safe investment. It becomes an attractive means of money allocation especially in times of turmoil on the financial markets. Also governments locate a big part of their assets in gold. The United States was the leading gold holding country worldwide as of June 2019, with gold reserves amounting to 8,133.5 metric tons.
The demand for gold globally in 2018 was valued at 4,345 metric tons, with jewelry being the largest receipient of this precious metal.
