Page 36 - Bullion World issue 2

Bullion World | Issue 02 | June 2021

How gold’s role in a portfolio differs

from cryptocurrencies

Gold’s demand is linked to investment and consumption
Composition of average annual net demand*

*Based on 10-year average annual net demand estimates ending in 2020. It excludes over-the-counter demand.
**Net jewellery and technology demand computed assuming 90% of annual recycling comes from jewellery and 10% from technology.

Source: Metals Focus, Refinitiv GFMS, World Gold Council
For full report please visit https://www.gold.org/goldhub/research/gold-and-cryptocurrencies

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