GFMS explained

GFMS (formally Gold Fields Mineral Services) ^[1] are research and consultancy company for the precious metal markets. Since 2011 they have been part of Thomson Reuters. As well as other commodities, they research gold, silver, platinum, palladium, and copper trading.

History

The consultancy’s core publication is the annual Gold Survey, which began in 1967. Consolidated Gold Fields, a mining conglomerate that was later taken over by Hanson plc in 1989, originally launched the Gold Survey. After the take over, a company was formed the same year to continue the survey.

Between 1994 and 1998, the company was owned by Gold Fields of South Africa. Between 1998 and 2003, the company was known as Gold Fields Mineral Services Limited.^[2] In 1998, members of the research team completed a management buy out of GFMS from GFSA, and the consultancy gained full independence. In 2002, GFMS became an associate member of the London Bullion Market Association.

Acquisition

In August 2011, GFMS was purchased by Thomson Reuters.^{[3] [4]} The execute chairperson Philip Klapwijk left the company.

Business

GFMS analysts present at conferences and seminars on precious metals and commodities. They provide information to the news media.

Their reports include:^[5]

• GFMS Gold Survey (annual)
• World Silver Survey (annual)
• GFMS Gold Mine Economics
• GFMS Copper Mine Economics
• Platinum & Palladium Survey (annual)
• GFMS Société Générale Central Bank Reports
• GFMS Société Générale Global Hedge Book Analysis
• Gold and silver supply/demand benchmark
• GFMS Surveys and Forecasts, and the Mine Economics database (provided via the Thomson Reuters Eikon platform)

Reports

In 2011, GFMS estimated 240 tonnes net sale of gold.^{[6] [7]}

The company estimated that electronic waste recycling increase 14% between 2000 and 2014.^[8] In 2016, they report a silver supply deficit.^[9]

In March 2017, GFMS reported that India's gold imports had increased to 50 tonnes; 82% higher than 2016.^[10]

See also

• Gold as an investment
• Gold exchange-traded fund
• World Gold Council

External links

• Gold IRA Blueprint
• Gold IRA Companies

Notes and References

1. News: Jha . Dilip Kumar . 2008-04-10 . Jewellery demand likely to slide by 8% . Business Standard India . 2021-08-04.
2. Web site: GFMS LIMITED - Overview (free company information from Companies House). 2021-08-04. find-and-update.company-information.service.gov.uk. en.
3. Web site: Company History . GFMS . 6 September 2012 . bot: unknown . https://web.archive.org/web/20131016184838/http://www.gfms.co.uk/?page_id=161 . 16 October 2013.
4. Web site: Eikon Financial Analysis & Trading Software. 2021-08-04. www.refinitiv.com. en.
5. Web site: Financial Technology, Data, and Expertise.
6. News: Mexican central bank buys 100 tonnes of gold . Financial Times . 4 May 2011.
7. Web site: Thomson Reuters acquires UK-based analyst firm GFMS | STM Publishing News.
8. Web site: Bullion Bulletin. dead. https://web.archive.org/web/20150810202132/http://bullionbulletin.in/more_articles.aspx?pageid=DtErica061115. 2015-08-10.
9. Web site: GFMS: Silver Market to Post Fourth Straight Supply Deficit in 2016. 17 November 2016. 2017-04-10. 2022-09-27. https://web.archive.org/web/20220927182257/https://www.kitco.com/news/2016-11-17/GFMS-Silver-Market-To-Post-Fourth-Straight-Supply-Deficit-In-2016.html. dead.
10. News: Gold imports surge to 50 tonnes on pent-up demand: GFMS. Business Standard India. March 2017.