​Visualizing Gold Consumption Vs. Domestic Supply – Tyler Durden

Visualizing Gold Consumption Vs. Domestic Supply While India and China dominate the demand for gold, both countries face different scenarios when comparing supply gaps. With its huge jewelry industry, India’s consumption is 50 times higher than its domestic supply. Meanwhile, China produces more than one-third of the gold it demands. This graphic, via Visual Capitalist’s Bruno Venditti, compares gold demand (in tonnes) versus domestic gold production in 10 selected countries. The data comes from the World Gold Council and was compiled by The Gold Bullion Company as of 2023. India’s Massive Gold Market Gold holds a central role in India’s culture, considered a store of value,…  — Continue at ZeroHedge News : Read More