Authored by GoldFix ZH Edit

Topics: Unaccounted for Gold, BRICS Behavior, Markets

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Intro: March 1st Launch Date

Since March 1st: When Macro Discretionary funds bought as well as SGE traders.

1- New Physical Gold Supply Sources

Data illustrates the proportion of gold supply from different sources.1

 

• Total New Supply= 2845 metric tonnes

2- New Physical Gold Supply vs Accounted Demand

Data compares the total new supply with total accounted demand and highlights the unaccounted difference.

• New Supply Unaccounted for= 1,365 metric tonnes

3- Physical Gold Demand Components

Data shows the contribution of each sector to the total accounted demand.

• New Supply Components= 1,480 metric tonnes

4- Unaccounted Gold Supply Distribution

Data depicts how the unaccounted gold supply is distributed when considering potential derivative claims.

• Unaccounted for Gold Supply is between 31% and 48% of total added

5- Final Accounting Differential

Data purpose: Compares physical supply and demand alongside derivative market claims.

• There are 882 metric tonnes unaccounted for at minimum since March 1st 2024

• Source: Ross Norman’s Metals Daily

Continues here

 Where is the Gold? Who is Holding it?  For What Reasons and to what ends?

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