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This information does not purport to make any recommendations or provide any investment or other advice wit
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reliance on any of this information. Before making any investment decision, prospective investors should seek
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The use of the analytics in this document is permitted for the purposes of review and commentary (including m
with fair industry practice, subject to the following two pre-conditions: (i) only limited extracts of data or analysis
all use of these statistics is accompanied by a clear acknowledgement of the World Gold Council and, where a
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taken in reliance on such information or for any consequential, special, punitive, incidental, indirect or similar d
related to or connected with such information, even if notified of the possibility of such damages.
oses. It is not, and should not be construed as, an offer to
roducts or any other products, securities or investments. It
e or promote gold, any gold related products or any other

y investment or other advice with respect to the purchase,


s, securities or investments, including without limitation,
nvestment objective or financial situation of a prospective
oducts, securities or investments should not be made in
spective investors should seek advice from their financial
nd carefully consider the risks associated with such

or otherwise use the statistics and information in this


the prior written consent of the World Gold Council or the

w and commentary (including media commentary) in line


mited extracts of data or analysis be used; and (ii) any and
orld Gold Council and, where appropriate, of the relevant
wise use the whole or a substantial part of this document

ed, neither the World Gold Council nor any of its affiliates
f its affiliates be liable for any decision made or action
, incidental, indirect or similar damages arising from,
of such damages.
Above-ground stocks (tonnes)

2010 2011 2012


Jewellery 84,072.6 84,538.4 85,042.5
Central banks 28,979.2 29,459.9 30,029.1
Private Investment 31,216.6 32,961.0 34,582.0
Bars & Coins 28,942.5 30,444.5 31,766.9
ETFs 2,274.1 2,516.5 2,815.1
Other 23,977.3 24,185.8 24,403.3
Total 168,245.7 171,145.0 174,056.9
Source: Metals Focus, Refinitiv GFMS, World Gold Council
2013 2014 2015 2016 2017 2018 2019
86,582.5 87,997.3 89,409.4 90,196.1 91,341.1 92,499.5 93,375.9
30,658.6 31,259.7 31,839.3 32,234.1 32,612.7 33,268.9 33,874.3
35,379.7 36,280.4 37,247.4 38,861.6 40,176.6 41,340.6 42,611.7
33,496.6 34,563.2 35,653.9 36,726.8 37,770.9 38,861.3 39,732.2
1,883.1 1,717.2 1,593.4 2,134.8 2,405.7 2,479.3 2,879.5
24,575.0 25,033.8 25,449.3 26,200.8 26,909.8 27,574.9 28,422.6
177,195.8 180,571.2 183,945.4 187,492.6 191,040.2 194,683.8 198,284.5
2020 2021 2022
93,406.8 94,501.3 95,546.9
34,129.3 34,579.4 35,715.1
44,407.9 45,409.8 46,516.6
40,636.0 41,826.9 43,044.0
3,771.9 3,582.9 3,472.5
29,773.8 30,773.7 31,096.0
201,717.8 205,264.1 208,874.5

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