Posted by Francis Koh on 08 Apr 2015

U.S. GOLD MARKET 2012-2014: Suffers Massive Deficits

While the U.S. gold market enjoyed some annual surpluses in previous years, the amount of the gold that left the country since 2012 was quite remarkable.  In order to calculate a surplus or deficit in the U.S. gold market, we have to include the following data:

Total Supply = Imports + Mine Supply + Recycled Scrap

Total Demand = Exports + Consumption

By inputting this data over the past three years, we have the following chart:

U.S. Gold Market Supply vs Demand 2012-2014