There’s less people going to sell their jewelry. A sign that the global economy is getting better is precisely the decrease of gold from recycled jewelery, bars, coins and products industry, which dropped to 1,122 tons. According to the World Gold Council, the industry association of the leading gold mining, the volume has never been so low since 2007. Basically, the report published in collaboration with the Boston Consulting Group says that it has came back to pre-crisis levels . The reason? The turnover of the main source of precious metal second hand, that is jewelry, decreased because people no longer sells for cash. Analysts say that economic shocks may increase by 20% of the activities of so-called buy gold and similar, it happened during the Asian crisis in the late 1990s and there was a 25% increase during the last crisis in 2008 -2009. A lucrative trade that, however, now seems on the decline, at least in the US, with some sensational cases such as Cash4Gold.com. The site specialized in buy gold in 2009 had a turnover that could afford to pay $ 3 million for its commercials during the Super Bowl, but after just three years has failed. Perhaps the fault is not only due to a drastic drop in customers, but this company has declared bankruptcy and has changed hands. The devaluation of gold has had its relevance: the experts have shown a correlation between the decline in metal prices and and the activities of buy gold. For example, in 1999, when an ounce (a little more than 28 grams) of yellow metal was worth $ 250 provenance was distributed as follows: 73% mineral production and 17% recycling. Ten years after the value has exceeded for the first time the $ 1,000, the second rate has risen to 42%, a record since it stood at 26%. Of course, in countries like China and India which represent 60% of world demand is a sector yet to be developed, but in the West, things are changing. Federico Graglia
