[OC] Gold Demand in the 21st Century

Posted by Neat_Beyond1106

6 comments
  1. Why Sudan, Namibia and Botswana disappeared in the ocean?

  2. The very first graph shows gold price per oz reaching over $6k… doesn’t provide a lot of confidence for accuracy

  3. Cool graphics, poor conclusions. 

    I don’t think you can draw any conclusions related to BRICS countries when Brazil and South Africa are not on the list. This is especially so when Japan, a G7 country, is so high on the list. 

    It would be better to look into each country and ask why they have ramped up gold hoarding. Russia and China have fairly clear explanations, as they are looking to sanction proof their economies in response to their aggression against their neighbours. 

    Also, in my opinion gold hoarding shows a fundamental weakness with BRICS countries. None of them have a stable enough currency to encourage other countries, even other BRICS countries, to adopt them. So this gold hoarding is not a ‘challenge’, it’s a recognition of their own economic weakness. 

  4. Map projection feels off. Would have been nice to have direct values in text over countries where possible.

Comments are closed.