4 ms·

I'm pretty sure this isn't true regarding gold. I.e., that some firm has a lot it wants to dump and then spends money convincing people to invest in gold. Gold

• yzydserd 3y ago
  >”vast majority of it is not held for investment purposes.” “Vast” may be going too far. Each year, gold acquired for investment or by central banks is about the same as that acquired by the jewellery industry. Not the greatest link, but a section down the page shows gold demand in 2022 was jewellery 46.58% and investment plus central banks 46.85%. Tech makes up the remainder. I’m sure a better googler could attain a better reference. https://www.statista.com/statistics/299609/gold-demand-by-industry-sector-share/#:~:text=Global%20gold%20demand%20share%20by%20sector%202022&text=The%20jewelry%20industry%20accounted%20for,after%20investment%20demand%20in%202020 https://www.statista.com/statistics/299609/gold-demand-by-in.... For whole world gold holdings, the picture is similar with 46% in jewellery and 39% in either private investment or state holdings. https://www.visualcapitalist.com/sp/chart-how-much-gold-is-in-the-world/ https://www.visualcapitalist.com/sp/chart-how-much-gold-is-i... I suppose it comes down to perceptions of the words vast and investment. Some jewellery is held as investment, and state holdings are more than just investment.