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Demand for gold is growing, suppliers can’t handle it

[vc_row][vc_column][vc_paragraph text=”The supply chain difficulties seriously harm the world gold production, and the prices still haven’t been synchronized over the whole world. The situation is giving the digital alternative opportunity to outperform gold.“][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”The demand for precious metals remains unmet” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The gold bar sales have reached its peak since 2013, and the suppliers all over the world struggle to meet the demand surge.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”But it is growing too fast.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Since the concerns caused by COVID-19 and the world economic downturn remain, investors are increasingly choosing precious metals.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Nevertheless, the world prices still are not synchronized because the suppliers were fighting for shipping.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”As Bloomberg reports, the largest Australian gold refinery is expanding production against the background of rising.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The manufacture of kilobars has increased significantly but there are disruptions in supply chains, and this has caused enough trouble for the supplies.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”All of these issues affect the global markets. So the gold prices have not been synchronized all over the world. As BeInCrypto published last week, gold futures in New York were trading with $70 reward in comparison with spot prices in London.”][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”ЗаголовокSuppliers hope that’s just a short term arbitrate matter” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The situation underlined the asset’s dependence on turmoil in supply chains. This vulnerability was often mentioned by those who consider BTC to be a better investment in the world of digital technologies.”][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”BTC as “digital gold”” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”1328″ img_size=”full”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Bitcoin is often compared with gold. The comparison makes sense: one day BTC may become just as valuable as gold today.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Nevertheless, the prolonged crisis of COVID-19 has demonstrated the limitations of precious metals.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”These days the markets are moving much faster, and any supply disruption may have a significant impact on prices.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Thus, suppliers are flooded with requests but cannot cope with them.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Some even claim that if the supply chains are fully interrupted the gold price may follow in the oil’s footsteps.”][/vc_column][/vc_row]