Thursday, August 16, 2012

Central Bank Gold Buying Doubles, While Global Demand Slows

Q2 Report: World Gold Council pdf

Accumulation of gold bullion from central banks was the bright spot in demand last quarter, as total demand fell 7% globally, which was driven by a 38% fall in consumer demand from India. 
Price sensitive Indians have been shunning gold and many have been opting for far cheaper poor man’s gold – silver. LINK...
Where do you think the "smart money" is going?   BK