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