Gold seemed to fizzle out at the end of 2013, with the Federal Reserve cutting back $10 billion on its bond purchases and a 28% annual drop in gold prices. These factors led many to question gold’s future as a desirable, physical asset that carries value and preserves wealth. However, demand is essential to the value of any asset, and it’s clear that in 2013 the demand for gold was higher than ever.
The World Gold Council recently released the following infographic, which highlights different countries’ demand for gold throughout 2013. China alone set a new record for gold demand, consuming 1,065.8 tonnes of gold in the form of jewellery, bars, and coins. Bar and coin investment itself was the highest anyone has ever seen at 1,654.1 tonnes, verifying that gold is still a trustworthy investment. Check out the infographic below for more information on gold sales and investment in 2013: