Sourced from: Jesse's Cafe Americain
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Frank Talk, May 23, 2011
The World Gold Council (WGC) released its quarterly “Gold Demand Trends” report last week and, as always, it was filled with fascinating data on the strength of the global gold market. Gold demand grew 11 percent to 981.3 tons during the first quarter of 2011, worth $43.7 billion at quarter-end’s price levels.
The increase was driven by a significant rise in demand for gold as an investment, up 26 percent from a year ago, as emerging markets look to protect their assets from rising inflation. Demand for gold bars and coins was up 62 percent and 42 percent, respectively. LINK...
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NOTICE: The Chinese were NOT allowed to own Gold during the 1970's bull market in Gold. Now we have 1.5 BILLION Chinese buying Gold! BK
