11 Percent Rise In Q1 2011 Gold Demand

May 22, 2011 6:11 pm

We all know Soros sold all his Gold. But World Gold Council states that Gold demand is strong as ever:

“Global gold demand in the first quarter of 2011 totalled 981.3 tonnes, up 11% year-on-year from 881.0 tonnes in the first quarter of 2010. In value terms, this translated to US$43.7bn, compared with US$31.4bn in the first quarter of 2010, an increase of almost 40%. This was largely attributable to a widespread rise in demand for bars and coins, supported by an improvement in jewellery demand in key markets.”

Statistics Source: Gold.org

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