Thomson reuters is one of the best sources of information for businesses and professionals, and its gfms team is the worlds leading consultant in precious metals. The silver institute has since 1990 published world silver survey, an annual report on the global silver market. Thomson reuters gfms, one of the leading consultancy firms regarding precious metals supply and demand data has recently released the gfms gold survey 2014 update 2 in the report, gfms has effectively double counted shfe gold trading volume. World silver survey 2017 11th may 2017 gfms gold survey 2017. However, page 10 of the gfms 2015 gold report, makes it abundantly clear that there are 3 components to total global gold supply in its model. Q1 update and outlook 26th april 2016 world silver survey 2016 5th may 2016 gfms platinum group metals survey 2016 12th may 2016 gfms gold survey 2016. Q4 2015 q1 2016 q2 2016 q3 2016 q4 2016 q1 2017 q2 2017 q3 2017 q4 2017 yoy %. Gfms gold survey 2018 tonnes africa south africa ghana dem. Thomson reuters gfms, one of the leading consultancy firms regarding precious metals supply and demand. This is the twentyninth edition of the world silver survey produced by the gfms team at thomson reuters for the silver institute. Gfms formally gold fields mineral services are research and consultancy company for the precious metal markets. According to the gfms gold survey, the output of the preponderant mineral, gold, expanded from 107. Lets look at what the argorheraeus refinery executive says about conversion of good delivery bars to kilobars, both in 2015 and during the few years prior to that.
The lbmas shifting stance on gold refinery production statistics, in which i explained how the london bullion market association lbma had, on wednesday 5 august, substantially lowered its 20 gold and silver refinery production statistics literally a few days after i had commented on the sizeable figure of. Serving more than 40,000 institutions in approximately 190 countries, we provide information, insights, and technology that drive innovation and performance in global markets. Gold mining yields strongly positive cash flows but barely meets allin costs. Gfms reports chinese gold trade volume incorrect by 100%. Central banks and other institutions world gold council. Peak gold is the date at which the maximum rate of global gold extraction is reached. At the end of march, thomson reuters gfms released its gold survey 2016, looking at the developments in the global gold market and the future of gold prices. Gfms, formerly known as gold fields mineral services, is now part of thomson reuters. Demand for gold bars and coins registered a 26% yearonyear increase during q3, rising to an estimated 296 tonnes. According to hubbert peak theory, after the peak, the rate of production declines until it approaches zero. This pdf brochure file was created on 5 may 2016, and modified on 10 may 2016. Gold news gfms gold survey 2018 how does the year ahead. This unique set of qualities has made it a coveted object for most of human history in almost every civilization, and there have been active gold markets for over. Gfms is listed in the worlds largest and most authoritative dictionary database of abbreviations and acronyms the free dictionary.
The ups and downs of gold recycling boston consulting. Outside back cover 210mm front cover 210mm spine 3. Physical gold demand slides to 7year low in 2016 gfms reuters. The technology of gold recycling there are two types of source materials for gold recycling, each with. Recycling status of gold, silver, platinum and palladium.
Round tripping gold survey 2014, page 88 gold survey 2015, page 78, 82 chinese commercial bank assets to back investment products. Q4 update and outlook january 2018 acknowledgements the estimates shown in gfms platinum group metals survey for the. Gfms gold survey 2015 the performance of the ghanaian mining industry in 2014 the outturn of the countrys minerals sector was relatively subdued in 2014. Physical gold demand was up by 7% yearonyear in q3 2015. See the commodities supply chain in action, right before your eyes from extraction, production to transportation. Overview 16 commodity exchanges 19 retail investment 21. Thomson reuters gfms, one of the leading consultancy firms. Q3 update and outlook october 2017 gfms gold survey 2017. According to the gfms team, 2016 can be viewed in many respects as the mirror image of. From good delivery bars to kilobars the swiss refineries, the gfms data, and the lbma. The wellknown gold research consultancy gfms, as well as gold mining lobby group the world gold council, between them produce a number of gold supply and demand reports each year.
Global gold mine supply 2004 20 global gold mine supply projections. Reports are available immediately on release in the original pdf format and can be. The gfms gold survey 2016 and its quarterly updates have been kindly. In early september 2015, i wrote an article titled moving the goalposts. Market insights, supply, gold production, recycling, demand, jewellery, investment, technology, central banksofficial inst. Gold survey 20 prepared by thomson reuters gfms gold survey 20 thom so n reuters gfms. Mine production increased for a sixth successive year in 2014, rising by 2% to a record volume of 3,3 tonnes. The gfms gold survey estimates that the total amount is approximately 183,600 tonnes, or 5.
The cover of the gfms gold survey 2017 is sponsored by the. Q3 update and outlook 25th october 2018 acknowledgements the estimates shown in gfms platinum group metals survey for the main components of mine production. Pdf the financial economics of gold a survey researchgate. Supply, demand, price and trade data, also available in pdf format. Our specialist gfms precious metals market content combines powerful forecast analytics and rich fundamentals content with our leading news and pricing service, and is available through our flagship platform, eikon. Denver gold group tom brady, chief economist january 2015. Much of the gold stored in indian temples, for example, is viewed as sacred. Gfms, thomson reuters world gold supply scrap 2,000 mine production real gold price 6,000 5,000 3,000 2,000 1,000 net producer hedging net official sector sales 2009 2011 20 2015 1,500 1,000 0 500 2017.
The silver institutes annual world silver surveys for the last three decades, and more. Valcambi is a leader in precious metals refining and operates one of the worlds largest and most efficient integrated precious metals plants situated on a 33 hectare site, at balerna, switzerland. Copies of each years report are available below in pdf format. Looking for online definition of gfms or what gfms stands for. Unlike petroleum, which is destroyed in use, gold can be reused and recycled. This is the twentyeighth edition of the world silver survey produced by the gfms team at thomson reuters for the silver institute.
Latest gfms gold survey reports record 20 gold production. Gfms surveys and forecasts, and the mine economics database provided via the thomson reuters eikon platform reports. Beyond this, the market becomes a little more difficult to piece together. Until the beginning of april 2015 the gold price, as with almost all asset classes, has been secondguessing when the federal reserve will increase rates and reacting to movements in the dollar. Silver, gold and base metals prices 200 220 silver 180 0 0 tin 140 160 a n 101 nickel 120 n dex j copper gold 80 i 100 zinc 60 jan10 aprp10 jul10 oct10 jan11 source. Gold fields mineral services ltd gfms gfms gold surveys 2001. Gold demand trends full year and q4 2019 gold demand fell 1% in 2019 as a huge rise in investment flows into etfs and similar products was matched by the pricedriven slump in consumer demand. Real gold price 1,700 1,400 0 1,100 800 2009 2011 20 2015 2017 retail investment refers to physical bar and coin investment. Ghanas poor gold output performance is partly explained by the suspension of mining by anglogold ashanti obuasi, persistent. The main cause was a fall in investment demand for gold bars and gold backed etfs, partly due to rangebound gold prices. As well as other commodities, they research gold, silver, platinum, palladium, and copper trading. Gold demand trends demand for gold latest data goldhub. Total net purchases for the first six months of 2019 rose to 374.
The 4,394 tonnage figure from the gfms world gold survey 2016 published 31 march 2016. The annual gfms gold survey is one of the most awaited and respected reports about the gold market. A sharp price correction in july, which saw the gold price plunge to a near sixyear low, was the major. At the end of march, thomson reuters gfms released its gold survey 2017, looking at the developments in the global gold market and the future of gold prices. Nse ifmr survey 2016 gold is more than 1% of monthly consumption only for the 10% richest rural consumers, while it is consistently a larger share of the urban consumers spend gold is the second largest asset for rural households, comprising 45% of total savings for. Q4 update and outlook january 2018 acknowledgements the estimates shown in gfms platinum group metals survey. Gfms gold survey q3 launch oct 2019 presentation platts battery metals summit sept 2019 gfms gold survey h1 2019 update july 2019 gfms pgm survey 2019 may 2019 gfms gold survey 2019 may 2019 2019 base metals report april 2019 world silver survey april 2019 gold survey 2018. Thomson reuters gfms gold survey estimates that at the end of 20 the. The asian financial crisis in the late 1990s boosted. Oct 28, 2015 some key findings of the latest gfms gold survey. The cover of gold survey 20 is sponsored by the following companies. The information contained herein is based in part on the analysis of publicly available data such as hallmarking series, trade statistics, company reports and other publicdomain information. The main cause was a fall in investment demand for gold bars and goldbacked etfs, partly due to.
H2 update and outlook 29th january 2020 acknowledgements the estimates shown in gfms, refinitiv platinum group metals survey for the main. The perth mint is a major sponsor of the gmfs gold survey. The estimates shown in gfms gold survey for the main components of. Thanks to ongoing political uncertainty, gold is expected to reach an annual price performance that has not been seen since 20, gfms said in its gold survey 2018 report released on tuesday may 8. The higher levels of imports, and withdrawals, are boosted by a number of factors, but notably by golds use as an asset class and the requirement for commercial banks to hold physical gold to support. Show full abstract of gold, silver, and palladium were concentrated in ground products of less than 2 mm size, although about 80 % of platinum remained in the products of size greater than 2 mm.
Gfms gold survey 2015 gold as an investment precious. The gfms gold survey 2016 reports that total gold output in ghana shrank by nearly 12 percent to 95 tonnes in 2015, relative to 107 tonnes in 2014. The ups and downs of gold recycling boston consulting group. Gold focus 2015, metals focus gold mine cost service global average production costs of gold 549 631 721 751 19 07 906 1041 1187 1256 1224 1175 65 10 400 600 800 1200 1400 1600. The gfms 2018 gold survey is sponsored by tanaka precious metals and valcambi suisse. Gfms gold survey 2015 the 40% drop in bar and coin demand, which accounts for the larger portion of our identifiable investment figure. The survey provides market participants with supply and demand statistics for key sectors of the silver market, as well price and trade data. From good delivery bars to kilobars the swiss refineries. The central bank recently indicated that it had almost halved its allocation to us dollars from 43.
Global gold mine production showed another year of growth last year, albeit at the margin, to record a fresh alltime high totalling 3,158 tonnes in 2015, a rise of. Gfms gold survey 2016 31st march 2016 gfms copper survey 2016 5th april 2016 gfms gold survey 2016. The brochure also contains a section about refinery production statistics on page 3, where it states. Refinitiv is one of the worlds largest providers of financial markets data and infrastructure.
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