Privately Held Gold In India Equals Three Times USA’s Gold Reserves

We had spotted some India Gold Statistics before – we spotted this today –

“Wealthy Hindu temples such as this one are repositories for much of the $1 trillion worth of privately held gold in India — about 22,000 tons, according to an estimate from the World Gold Council.” (Source)

US Gold Reserves: 8,133.5 Tonnes (Source)

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China Has Bought 35 Times More Gold Than US In 2011

Spotting numbers around Gold has been a favorite activity for us here at Statspotting. We had spotted the total gold in the world, and some stats on India’s gold demand Today we spotted a telling stat – based on ounces bought per unit of GDP, China has bought as much as 35 times gold as the US. (Source). Chart below:

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950 Billion USD: The Amount of Gold In Indian Households

We had spotted multiple gold stats in the past – we spotted this today:

“India’s innate fascination with gold continues as Indian households hold gold worth over $950 billion which in turn is around 50 per cent of the country’s GDP in dollar terms, says a report.

Gold consumption is part of India’s culture and tradition and the country is the world’s largest consumer of gold, followed by China. ”

Statistics Source: EconomicTimes

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Gold Demand Up 6% Globally In Third Quarter 2011

We have spotted multiple gold statistics before, we spotted this today:

“Gold demand in the third quarter of 2011 reached 1,053.9 tonnes, an increase of 6% compared to the same period last year. This equates to US$57.7bn, an all-time high in value terms.”

Statistics Source: Gold.org

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‘Demand for the iPad is Fading’: Is Goldman Right?

We spotted this today:

“While improving holiday demand into late November could certainly push the momentum in the other direction, we believe it is prudent to assume the iPad is facing some near-term demand challenges. We believe there are several factors driving this pressure, but we also believe these issues are temporary and will likely be solved by three key factors in early 2012: (1) the continued adoption of iCloud, (2) the launch of Siri on the iPad, and (3) the addition of lower price points.”

Read more: http://www.businessinsider.com/goldman-sachs-on-ipad-2011-11?op=1#ixzz1di33StJy

We had spotted recently on how the Kindle Fire will outsell the iPad this holiday season.

Cause for concern for Apple. But the iPad numbers are so promising, this might just be a blip (if it drops at all).

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Gold Statistics: China and India Buying Gold In Huge Volumes

We have spotted multiple gold stats before. We spotted this today:

“Gold’s strong start to the year was reinforced during the second quarter of 2011 where total global gold demand measured 919.8 tonnes (t), worth a near-record US$44.5bn, with broad-based support across all sectors and geographies. Standout markets were India and China, as these two markets accounted for 52% of total bar and coin investment and 55% of global jewellery demand, the World Gold Council announced today.

Despite a higher gold price, Indian and Chinese demand grew 38% and 25% respectively during Q2 2011 compared to the same period of 2010. This growth is likely to continue, due to increasing levels of economic prosperity, high levels of inflation and forthcoming key gold purchasing festivals.

The impact of the European sovereign debt crisis, the downgrading of US debt, inflationary pressures and the still-fragile outlook for economic growth in the West are all likely to drive high levels of investment demand for the foreseeable future.

Central banks are likely to remain net purchasers of gold. Purchases of 69.4t during Q2 2011 demonstrated that central banks are continuing to turn to gold to diversify their reserves.”

Statistics Source: World Gold Council

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AngloGold CEO: ‘Gold Prices To Hit $2,200 An Ounce By Next Year’

We have spotted multiple gold statistics before. We spotted this today:

” The chief executive of AngloGold Ashanti Ltd (ANGJ.J) (AU.N) said he expects gold prices to hit $2,200 an ounce by next year and hinted the South African miner could boost its dividend.

The bullish forecast from CEO Mark Cutifani on Sunday comes as the uneasy economic landscape — including an unstable euro, recently hamstrung Swiss franc and tenuous U.S. debt situation — push investors into the precious metal.”

Statistics Source: Reuters

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Gold Sees Steepest Fall Since 1980

We have written about the rise and rise of Gold – it is only fair that we cover the fall as well. We spotted this today:

“Gold futures fell more than $100 on Wednesday, one of the steepest falls ever, as strong US economic data and expectations of more Federal Reserve stimulus accelerated profit taking from the safe-haven record high of a day ago. ”

Statistics Source: EconomicTimes

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Gold Tops $1900 An Ounce

We have written about Gold stats before, and about the total gold in the world. We spotted this today:

“Gold prices have been on a tear lately, topping a fresh record high above $1,900 an ounce late Monday– just two weeks after rising above $1,800.

While experts aren’t too worried about each new milestones, they are starting to freak out about the rapid speed at which prices are hitting them. Gold started the year just above $1,400 an ounce.”

Statistics Source: CNN Money

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The Rise and Rise of Gold

Source: Reuters

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