Gold Demand: World Gold Council Releases 2017 Report

The World Gold Council released their report on 2017 gold demand in early February. There are several highlights in the report, including the first jewelry demand increase since 2013 (see page 2). The report notes that demand in Q4 was up, and generally saved the year.  

Jewelry demand was up in both India (p. 2) and China (p. 4), good news as those are the two biggest markets. The report also notes that gold ETF and “bar and coin” sales were down in 2017 compared to 2016 (p. 6-7). So it seems people want to wear their gold more than have it in a safe, perhaps? The Gold Enthusiast likes this report because it’s written in relatively simple language so almost everyone can understand it.  (Snarky comment implied, but we’ll leave that up to you.)  

You can get your copy of the report here, and peruse it to your heart’s content.

 Related: Here’s Why Russia’s Stockpiling Gold

About the author

Mike Hammer

Mike Hammer has had a wide-ranging career, with trading and investing as a continuing theme. Mike graduated with a business degree, then worked with Macy's. After Macy's he spent a summer trading his own account, which taught him a lot about trading in general and markets in particular. Trading through the Black Monday and the Crash of 1987 showed him how most people are unprepared for upheavals in their trading. He then joined a well-known financial planning firm as a financial advisor, helping regular people understand their finances and meet their life goals.

Then came the usual story - Mike met and married the lady of his dreams. They moved to upstate New York, where he worked first for a small manufacturing consulting company, then a major university. While loving the work and the higher-education atmosphere, Mike missed the world of finance. Eventually, he signed up for stock trading coaching with the Adam Mesh Trading Group, to learn from people who understood modern markets. Within a year, Adam asked Mike to become a stock trading coach.

Since then, Mike has trained over 200 individuals, spoken at several national conventions, and is a frequent contributor to conference calls across the Adam Mesh community. Mike writes The Gold Enthusiast daily newsletter, runs the Golden Hammer trading service, and participates in the Mesh Private Portfolio. He also keeps a position in international education which keep him in touch with "the student mindset". Mike closely follows the gold, energy, and financial sectors. His motto is "Plan your trade, then trade your plan!"

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