Friday, September 3, 2010

The world gold holders and producers

We republish this article regarding the world gold holders and producers, with permission of the market timer and research organization Elliott Wave Technician.

Who owns the worlds gold and who produces it ?

The total amount of gold ever mined is estimated to be worth around US$5 trillion.

Approx. 78 % of the worlds’ gold is made into jewelery. Other industries, mostly electronics, medical, and dental, require about 12%. The remaining 10% of the yearly gold supply is used in financial transactions.

This graph reveals the story, click on the graph to increase the size of the image:




































Source: Moneychoices

You can have access to our full analysis with Elliott Wave counting for gold , silver and other precious metals by subscribing to Elliott Wave Technician's premium service at elliottwavetechnician.com/.

Geir Solem

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