Measuring Gold Demand

The World Gold Council asserts that gold demand fell 4% in 2012. Can you spot the fallacy?

2 replies

samiam says:
February 15, 2013 at 3:41 am

Well, let’s see….central banks flipped from sellers to buyers in the last three years, even as price has risen. A record amount of money was spent on gold in 2012. A small decrease in total tonnage purchased. Couldn’t be that supply is getting tighter…. Yep, global demand is down.
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samiam says:
February 16, 2013 at 4:55 am

By the way, Keith, my quip “Yep, global demand is down” was intended as a bit of sarcasm toward the article.
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