Global quarterly demand by sector*
News
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June 26, 2023
*During holiday breaks please note that we do "hold" packages from shipping on certain days for security reasons (packages lingering in sort facilities around holidays pose higher security risks). We believe this grace period is in the customer's best interest, and could potentially impact the 3-day shipping window slightly.
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December 13, 2022
Last Day To Order For Delivery By Christmas!
(YES, PROCRASTINATORS, WE SEE YOU.)Friday, December 16th
Please note that this is just an estimation. Shipping services (UPS , USPS, FedEx, etc.) experience overwhelming volumes in the month of December. Shipping delays should be expected.
ACH payments can take up to 2-3 days to process from the time we receive/verify your ACH documents.
*During holiday breaks please note that we do "hold" packages from shipping on certain days for security reasons (packages lingering in sort facilities around holidays pose higher security risks). We believe this grace period is in the customer's best interest, and could potentially impact the 3-day shipping window slightly.2022 End-of-Year Schedule
CHRISTMAS WEEK PHONE HOURS
(IN-PERSON BY APPOINTMENT ONLY)- Monday, December 19th: 8:00 AM - 6:00 PM CST
- Tuesday, December 20th: 8:00 AM -
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November 18, 2022
*During holiday breaks please note that we do "hold" packages from shipping on certain days for security reasons (packages lingering in sort facilities around holidays pose higher security risks). We believe this grace period is in the customer's best interest, and could potentially impact the 3-day shipping window slightly.
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November 01, 2022
Gold demand firmer in Q3
Healthy Q3, driven by stronger consumer and central bank buying, helped year-to-date demand recover to pre-COVID norms.
Gold demand (excluding OTC) in Q3 was 28% higher y-o-y at 1,181t. Year-to-date (y-t-d) demand increased 18% vs the same period in 2021, returning to pre-pandemic levels.
Jewellery consumption reached a robust 523t, increasing 10% y-o-y despite the deteriorating global economic backdrop. Y-t-d demand is slightly firmer (+2%) at 1,454t.
Investment demand (excluding OTC) for Q3 was 47% lower y-o-y at 124t, reflecting weak sentiment among some investor segments. 36% growth in bar and coin investment (to 351t) was insufficient to offset 227t of ETF outflows. OTC demand contracted significantly during the quarter, echoing weak investor sentiment in ETFs and futures markets.
Central banks continued to accumulate gold, with purchases estimated at a quarterly record of nearly 400t.
An 8% y-o-y fall in technology demand reflected a fall in consumer demand for electronics due to the global economic downturn.
Total gold supply increased marginally (+1% y-o-y) to 1,215t. A sixth consecutive quarter of y-o-y growth in mine production was partly offset by lower levels of recycling.
Year-to-date gold demand resumes its pre-pandemic pace
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April 28, 2022
Gold market sees solid start to 2022
Q1 gold demand was 34% above Q1 2021, driven by strong ETF inflows
In a quarter that saw the US dollar gold price rise by 8%, gold demand (excluding OTC) increased 34% y-o-y to 1,234t – the highest since Q4 2018 and 19% above the five-year average of 1,039t.
The Ukraine invasion and surging inflation were key factors driving both the gold price and demand.
Gold ETFs had their strongest quarterly inflows since Q3 2020, fuelled by safe-haven demand. Holdings jumped by 269t, more than reversing the 174t annual net outflow from 2021.
Bar and coin investment was 282t in Q1, 20% lower than the very strong Q1’21 but 11% above its five-year quarterly average. Renewed lockdowns in China and historically high local prices in Turkey were key contributors to the y-o-y decline.
Jewellery consumption lost momentum in Q1: demand was down 7% y-o-y at 474t. The drop was largely due to softer demand in China and India.
Central banks added 84t to global official gold reserves during the first quarter. Net buying more than doubled from the previous quarter but fell 29% short of Q1'21.
The technology sector had a steady start to the year: demand of 82t was the highest for a first quarter since 2018, driven by a modest uptick in gold used in electronics.
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April 06, 2022
Silver remains a slow moving, frustrating long position for metals bulls who have remained steadfast over the past two years while watching base metals, energy, ags, and virtually all other commodities explode in price over the past 18 months. Since the price peak in August of 2020, Silver is down almost 20% while the DBC commodity tracking ETF is up 170%. Let’s take a look at the tape.
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June 10, 2021GoldStar Trust Company, one of America's largest custodians of self-directed IRAs specializing in precious metals, announces the addition of Texas Precious Metals Depository ("TPMD") as a secure storage location for customers. In conjunction with GoldStar's custodial services, TPMD will complement the retail services provided by Texas Precious Metals to provide turnkey solutions for precious metals IRA investors.
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May 19, 2021
Gold
It has been awhile since I posted an update on metals, largely because metals have been stuck in quiet consolidation mode until the past week or so. We have been watching falling trend channel resistance on gold for the past six months, and after the double bottom in March around the 61.8% Fibonacci retracement, gold has steadily climbed, recapturing the 200 day moving average for the first time since February 2nd and breaking out above falling resistance of the multi-month bull flag that commenced with the August ’20 peak. Price action looks exceedingly constructive here, with RSI now in overbought territory for the first time in nine months. Bulls want to see price hold the 200 DMA, or at least stay above 1840. There is blue sky to 1965 if it does.
Silver
Gold has been the laggard. Higher beta silver, as well as mining stocks, have led the way. Silver broke the 200 DMA in early April, and has once again hurdled the troublesome 25-27 area. Bulls need silver to hold 28.50 for a retest of 30, which it struck twice in the last nine months. A break of 30 should precipitate a swift move to the 161.8 Fibonacci extension at 35, which coincides with the October 2012 peak.
Gold Miners
GDX, the Gold Miner ETF, broker falling resistance on the 4th test back on April 15th, successfully retested, and has pushed its way back to the 61.8 Fibonacci retracement from the August high. Constructively, price has never fallen into oversold territory from the entire move following the March 2020 low – even during this long consolidation period. We are likely to see some digestion
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March 04, 2021
Gold
For the past month gold has been trading in a range between 1720 and 1780, struggling to make the breakout leap it seemed to promise the first week of the year. Gnawing at bulls is the fact that every other commodity, like copper, gold, zinc, and others, have exploded higher while gold seems stuck on the launch pad.
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March 02, 2021
The most sought-after metals on earth are sitting in a secret underground vault. KENS 5 got rare access inside where up to $5 billion of valuables can be stored.
