Interesting article here with breakdown of demand figures for gold: http://www.debtorsprisonblog.org/journal/2009/6/2/gold-an-updated-look-at-demand.html
The rise investment demand has been so strong that something fundamental has changed since we last discussed the subject.Previously, we postulated that many people held an erroneous belief that gold demand was mostly investment-driven when, in fact, jewellery provided most of the demand.The situation has reversed, and investment demand now composes almost 60% of total demand, at least in the first quarter.Even as late as 2007, investment demand was a mere 19% of total demand.At the end of 2008, with the strong surge in investment demand, it still composed only 31% of total demand.Now, it is by far the largest component at 60%.
db
