GIG-OS ENGLISH: Gold recycling and its impact in the future of gold by experts of Global InterGold.

Gold recycling and its impact in the future of gold by experts of Global InterGold.

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Owing to the well-known qualities of gold such as malleability, ductility and its high resistance to corrosion, its use in technologies and industry has been increasing. But what happens when those devices become defective and need to be thrown away? Could that end with a huge quantity of gold in the long term?

Read on and find out the future of this precious metal!

The use of gold in technologies and industry has been increasing along with the industry development of the last decades. Consequently, all the gold that ever existed still remains somehow - except of course for the gold used in exclusive food and beverages.

Yet, all the industrial and technological devices stop working at some point, and if when they are thrown away the gold would be thrown too the losses would be enormous in the long run, adding the fact that it would contribute to a shortage of gold supply worldwide, and in turn would lead to a sharp increase in gold prices.

Here is where gold recycling industry comes into play. This industry guarantees – at least in part – the permanence of this precious metal in our world. Its importance can be summarized with the following fact: “The average from 1995 and 2014 of gold recycling comprised a third of world's total supply.” 90% of gold comes from jewelry, gold bars and coins, and the rest is made up by the gold pieces used in industry.

Nonetheless, according to the latest report of the World Gold Council and The Boston Consulting Group “The Ups and Downs of Gold Recycling” in 2014 due to low prices of gold, gold recycling showed the lowest figures in seven years and the forecast for 2015 is not much more positive.

According to Alistair Hewitt, Head of Market Intelligence at the WGC “Looking forward, we expect gold recycling to remain low in 2015, and possibly decrease further given that a large portion of near-market supply has been flushed out in recent years.”

In general, the decrease has affected mainly industrial countries, and it has gained ground in Eastern countries, namely China and India, the reason of which is beyond doubt.

A raise of awareness on gold's value has also contributed to this decrease. Gold is not used just in jewelry or pieces of art, where its main value for people is basically emotional, but also in the gold reserves of central banks and individuals where it acquires an economic driver character.

With the data at hand, investors and central banks could continue accumulating more and more gold reserves as, if its supply will be limited, the price will unavoidably grow in the nearest future.

The experts of Global InterGold company will keep you informed about the latest trends in gold market, so follow the news to be aware of the changes in price and benefits of this precious metal to make the right decisions, creating your own gold reserve to protect your wealth and the well-being of your future.