Yup, jewelry is the largest use of gold, good job.
The main purchasers of gold are consumers, but none of them individually purchases 10 tons at a time. Central banks do, in fact last year they purchased 530 tons of gold, out of the 2500 tons produced.
I guess its all in how you look at it, thanks for your viewpoint.
Why is it relevant how much gold an individual buyer buys? You seemed to be trying to underpin your point by saying central banks suck up most gold production. Since central banks have vast foreign reserves they can spend, obviously they're going to be the largest individual purchasers. So what? Why is that meaningful?