Oct 16, 2018 Guest(s): Matthew Mark Director of U.S. Distribution, World Gold Council
The long-term drivers of gold account for 60% of the yellow metal's demand, this according to Matthew Mark, Director of U.S. Distribution at the World Gold Council.
"When you look at all drivers of demand, between central banks buying gold as a store of value as a reserve currency, investors investing in coins or bars or gold ETFs, it's only about 40% of the market. Where we see the long-term benefit is the other 60% of the market," Mark told Kitco News on the sidelines of the Mines & Money conference in Toronto.
Mark noted that half of annual demand for gold is in jewelry, and while technology accounts for only 10% of demand, it is one of the fastest growing segments.