World’s top 10 buyers of gold

Posted by on May 21st, 2009 and filed under Business. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

china-gold

Gold has held mankind enraptured since time immemorial. It has been prized for its beauty, easy workability, indestructibility, and value.

The average global demand for gold in the past 10 years has been mainly for jewellery at 76 per cent, followed by industrial applications of 14 per cent and 10 per cent for investors. The available gold supply is from new mining, reclaimed scrap, official or new bank sales and gold loans made from official reserves.

There are five international gold trading centres: New York, London, Zurich, Tokyo and Hong Kong.

India, world’s number one buyer of gold!

indian_gold_jewellery_design

The craze for the yellow metal in India is phenomenal. It has traditionally been the world’s largest consumer of gold. India buys an average of 800 tonnes of gold every year and its total jewellery market is worth more than $20 billion.

However, in recent times the demand for gold in India has waned slightly, with the price of the precious metal zooming to record highs. Yet, the country remains the largest buyer of gold, at 770 tonnes in 2007.

China: 2nd largest buyer; number one producer

Beijing has gold holdings of 1,054 tons, up from 600 tons in 2002, and still wants to buy more gold.

China produced 280.5 tons of gold in 2007, making it the world’s number one producer of the precious metal.

China is also the world’s second largest buyer of gold. It bought 328 tons of gold in 2007.

USA: 3rd largest buyer; 4th largest producer

usa-gold

The United States of America is the world’s third highest buyer of gold. In 2007, it purchased 275 tons of the yellow metal.

However, the US is also the world’s fourth largest producer of gold. In 2007, it produced 240 tons of gold.

Turkey: 4th largest buyer

Turkey is the world’s fourth largest buyer of gold. In 2007, it bought 250 tons of the precious metal.

Saudi Arabia: 5th largest buyer

Saudi Arabia purchased tons of gold in 2007, making it the world’s fifth largest buyer of gold.

UAE: 6th largest buyer

The United Arab Emirates is the sixth largest gold-buyer at 107.2 tons (figures pertain to 2007).

Russia: 7th largest buyer; 6th largest producer

russia-gold

The world’s seventh largest buyer of gold is Russia. In 2007, Moscow procured 85.6 tons of gold.

Russia is also a big producer of gold. In fact, it is the world’s sixth largest gold-producer. In 2007, it produced 169.2 tons of gold.

Vietnam: 8th largest buyer

Vietnam bought 77.5 tons of gold in 2007, making it the world’s eighth largest gold-buyer.

Egypt: 9th largest buyer

egypt-gold

Egypt follows in the ninth position. In 2007, it procured 69 tons of gold making it one of the biggest gold-buyers in the world.

Italy: 10th largest buyer

Italy is the tenth largest buyer of gold in the world. In 2007, it purchased 59.2 tons of the yellow metal.

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163 Responses for “World’s top 10 buyers of gold”

  1. Dear Sir,

    I can deliver leased instruments to Organisations or individuals with their preferred text verbiage as been approved by their bankers. We also offer sales option to interested buyers. Our terms and procedures are so flexible and workable by RWA clients. Our lease rate is (5)%+x%. X% IS Lessee broker’s Commission and he determines his commission. Also we have facilities to discount BG and Put you into PPP Trading.

    Please direct all inquires to:

    Karen balayan
    Tel:+447417443174
    email:[email protected]
    sype:karen.balayan5

  2. Joe Duane says:

    We offer fresh cut bank instrument for lease/sale, such as BG, SBLC, MTN, Bank Bonds, Bank Draft, T strips and other. Leased Instruments can be obtained at minimal expense to the borrower compared to other banking options and we also discount/monetize BG’s.
    This offer is open to both individuals and corporate bodies.
    If in need of our services, contact me for detail information.

    Thank you,
    Mr.Joe Duane
    email:[email protected]

    [email protected]

  3. Evans Mikel says:

    WE ARE GOLD MINING COMPANY IN MALI WEST AFRICA AND WE HAVE GOLD DUST
    FOR SALE LOOKING FOR RELIABLE BUYER WORLDWIDE.

    OUR PRODUCT FOR SALE:
    GOLD DUST
    PURITY: 92%
    QUANTITY: LARGE QUANTITY
    CARATS: 22+

    Please direct all inquires to:
    Evans
    Tel:+22367984700
    email:[email protected]
    sype:goldbars_4_sell

  4. ouadraguo says:

    Dear Madam and Mr,

    We are looking for partner in building a local mining company or serious buyers of AU Gold Dust, and my Family which is Ouadraguo Family Gold, , my father and others are local sellers and miners of Gold and Diamond here in Burkina Faso, they want to get money to help our Community as you know here in Africa we have many people in our Communitys, they are counting on some people who went to school to help them but these people just want to steal their products even the government promised to help our community but since my father gave them produts they’ve been just telling story every day, every time. This is the reason why our community decided to contact the good people.

    Due to the way they are mining their products many people are trying to teach them because they don’t know the world market even some mandates and buyers rep have come and carried their products on credits and they have never come back to pay their money. Right now i want to get them serious people who can help them to sell their products following the market. At the moment they have 600kg GOLD DUST for sale at cheap price.

    They need people like you, people over there to help them develop their goal, so that they can help our community, because people sicks and dies because no money. They have the products but they are very poor here because of the way the government and some people are treating them, they want serious buyers to be their eyes and mouths, they are ready to give you goods if you are serious and ready to open a local mining company with them to work together and help them and you in mutual benefit or help them buy their products so that they can at least buy mining equipment such as, bulldozers, tractors, excavators, wheel loaders, backhoe loaders, motor graders, dump trucks, crushing equipment, and etc as we need to enhance our mining productivity. We will give you good price far below the word market price.

    Hope to hear from you soon.
    And i also have a friends who have red mercury Crude Oil and copper ore,for sell.
    PRODUCT……… GOLD DUST/BARS
    Gold dust(AU) Quantity:600kg
    Purity:96.3%unrefined
    Quality:23+karats
    Origin:Burkina Faso
    Purchase price per kg:$32,000.00 Gross & Net price $30,000.00 per kg.

    E-mail:[email protected]

    Skype:ouadraguo.bello2

    phone: .+22964626811.

    Sincerely,
    Regards
    Mr.Bello Ouedraogo.
    Community representative

  5. Joe says:

    We offer fresh cut bank instrument for lease/sale, such as BG, SBLC, MTN, Bank Bonds, Bank Draft, T strips and other. Leased Instruments can be obtained at minimal expense to the borrower compared to other banking options and we also discount/monetize BG’s.
    This offer is open to both individuals and corporate bodies.
    If in need of our services, contact me for detail information.
    Thank you,
    Mr.Joe Duane
    email:[email protected]
    [email protected]

  6. Yusuf. Babakusa says:

    Attention: Sir,

    We urgently need reliable gold buyers to work with as partner; presently we have 975 kilos of gold for sale at give away price.
    Contact mail ([email protected])
    I remain yours in partnership
    Yusuf. Babakusa

  7. Se fahmi says:

    Dear Sir,

    I can deliver leased instruments to Organisations or individuals with their preferred text

    verbiage as been approved by their bankers. We also offer sales option to interested buyers. Our

    terms and procedures are so flexible and workable by RWA clients. Our lease rate is (5)%+x%. X%

    IS Lessee broker’s Commission and he determines his commission. Also we have facilities to

    discount BG and Put you into PPP Trading.

    Contact me through this email:([email protected],[email protected],[email protected]) or

    through
    skype: (sefahmi8) in other to furnish you with other information.

  8. Mr Diarra Mamadou says:

    Dear Buyer,

    We are Registered Village Gold Miners here in Mali West Africa
    Country, We are Pleased for your kind consideration for this Offer of
    Gold transaction. Investors are welcome as we have our Mining
    Concession here in Mali waste Africa country at Sikasso Village.

    Dear Gold buyer, Mandate and Investors, I hope we can develop good
    business relationship for this lucrative sells offer. For the investment all
    the needed and approval Documents are set concerning this Company
    will be send to your company for verification, concerning documents for
    Gold shipment will be coverd by our Financier with Good agreement
    between Buyer and our miners, Once we conclude by signing of the
    necessary documents like F.C.O procedure together with our Proforma
    Invoice then our Financier will immediately proceed to secure all the
    necessary documents needed for the shipment to buyer destination
    Refinery and the documents will be send immediately to buyer for
    reference or for verification through your Authority,all the documents will
    be ready for confirmation through your Refinery or your Embassy.

    We already have in stock Gold Bars/ Gold Dust totally 200 kilos ready
    for sale at better price and we are ready to deliver for any serious
    buyer across the Global base on Good agreement between the two party.

    We can deliver from 20/30 kilos for Gold bars.

    Specification as follows.

    Product: AU metal (Dory Bars / Dust)
    Origin: Mali,West Africa
    Purity: 92
    Carrat 22
    Quantity: 200 Kilos Available.
    Price: US$,31.000.00 per Kg
    Packaging: Metal Boxes

    Your urgent respond will be highly appreciated.

    Best regards,
    Mr. Diarra Mamadou
    [email protected]
    +223 61271959
    SIKASSO MALI.

  9. mohamed kamara says:

    DEAR BUYER,
    MY NAME IS MOHAMED KAMARA FROM SIERRA LEONE,AM A DEALER OF GOLD DUST
    AND ROUGH DIAMOND AND I EQUALLY WORK WITH BIG MINERS THAT OWN A MINING
    COMPANY THAT ARE MINING GOLD DUST AND ROUGH DIAMONDS.
    PRESENTLY,THERE IS A COMPANY THAT ARE SEEKING FOR INTERNATIONAL BUYER
    NOW AND WANT TO DO BUSINESS WITH A BUYER THAT IS SERIOUS AND
    GENUINE,BECAUSE THEY HAVE INTENDED TO DO A LONG TERM BUSINESS WITH A
    PARTICULAR BUYER.THIS COMPANY IS PRESENTLY HAVING 50 KILOS OF GOLD
    DUST TO SELL NOW AT THE PRICE OF $23,500 VILLAGE PRICE.
    THE OTHER COMPANY THAT I KNOW OF IS MAINLY DEALING ON ROUGH DIAMONDS
    AND HAVE OVER 2000 CARATS.I HAVE BEEN APPOINTED HERE IN THE MINING
    AREAS TO FIND INTERNATIONAL BUYERS FOR THEM.
    SO IF INTERESTED,YOU CAN GET UNTO ME SO THAT I CAN SEND YOU OFFER OF
    THESE COMPANY.
    AWAITING FOR YOUR SOONEST RESPONDS,
    REGARDS
    mohamed./[email protected]
    MOBILE:0023277303271and0023276592581/skype.mohamed.kamara284

  10. Ibrahima Diallo says:

    DEAR SIR/MADAM,

    WE ARE THE DIRECT SELLERS OF MINERALS HERE IN GUINEA-CONAKRY, BELOW ARE OUR AVAILABLE GOODS FOR SALE ON COMPETITIVE RATES: GOLD DUST AND BARS (PURITY: 96.98%) ROUGH AND UNCUT DIAMONDS (5000+CARRAT) AND ALL KINDS OF SCRAP METALS LIKE COPPER SCRAP, HMS1&2, BATTERY SCRAP AND USED RAILS.

    CONATCT US VIA EMAIL IMMEDIATELY IF INTERESTED IN ANY OF OUR GOODS FOR MORE DETAILS.

    BEST REGARDS,
    IBRAHIMA DIALLO
    E-MAIL:[email protected]

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