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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: patron_anejo_por_favor who wrote (173677)12/26/2008 12:03:07 PM
From: KyrosLRead Replies (2) of 306849
 
Jewelry is the biggest part of gold demand. According to the World Gold Council, in 3Q 2008, Jewelry was 648 tonnes, while net investment was 382 tonnes, and industrial 103 tonnes. Of the 382 investment tonnes, 232 was retail (coins & bars) and 150 was ETFs (GLD etc.).

gold.org

Note that in 3Q there was a huge leap of investment demand from around 150 or so tonnes in previous quarters to 382 tonnes.

The key question is: will this investment demand persist or will it wane. In the past it fizzled out pretty quickly.
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