Tidal Wave’ of Gold Demand Coming From China, India as Economies Expand

4 posts / 0 new
Last post
#1 Wed, Jun 15, 2011 - 3:06pm
Shill
Offline
-
Mars
XX
Joined: Jun 14, 2011
3718
0

Tidal Wave’ of Gold Demand Coming From China, India as Economies Expand

Edited by: Shill on Nov 8, 2014 - 5:07am
Wed, Jun 15, 2011 - 3:11pm
silverbleve
Offline
-
Chico, CA
Joined: Jun 14, 2011
268
2217

Golden Tidal Wave

good article and a hat tip to you. Indian wedding season is coming, the biggest annual rally in PM land. Cant wait! Also Like the new avatar shill!

Wed, Jun 15, 2011 - 4:03pm
Elijah Craig 18
Offline
-
KY
Joined: Jun 14, 2011
31
156

Asian Bulls

Thanks for the article Shill. I am constantly amazed at how much influence the bullion banks, paper PMs and rigged markets can have on the true price of metals in the face of such demand. The article is an excellent reminder to us all of the power of "economies of scale". The latest population estimates are China: 1.3 billion and India: 1.2 billion. If only 10% of their respective populations bought one ounce of gold and one ounce of silver a year, we're looking at 250 million ounces of each heading to the near and far East annually! Demand for PMs by BRIC countries will only increase in the years to come. Time will tell when we can finally have real price discovery for our precious metals...

Before Enlightenment - Chop wood, carry water. After Enlightenment - Chop wood, carry water. ~ Zen Buddhist Proverb
Wed, Jun 15, 2011 - 4:34pm
mrneutron
Offline
-
Los Angeles, CA
Joined: Jun 15, 2011
51
349

Indian gold and silver demand diverging

In contrast to gold, Indian metal and jewellery traders are stocking up on the white metal in order to satisfy the consistently high physical demand for silver.

https://uk.ibtimes.com/articles/20110610/indian-gold-and-silver-demand-d...

Become a gold member and subscribe to Turd's Vault

Contribute

Donate Shop

The TFMR Silver Round
Buying Gold

Recent Comments

by Green Lantern, 2 hours 42 min ago
by Montross515, Feb 20, 2019 - 9:37pm
by Montross515, Feb 20, 2019 - 9:34pm
by HappyNow, Feb 20, 2019 - 9:31pm