Gold- How China could send the price of gold much higher

Tuesday, May 22, 2012




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How China could send the price of gold much higher

Thursday, August 20, 2009
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By Daily Crux Editor Brian Hunt:

Tucked in the middle of a recent FT piece about gold demand falling off in the second quarter is a fascinating "China fact."

Investment demand for gold went through the roof in the first quarter of this year. Everyone wanted their share of the crisis hedge in case the Great Depression, Part II made its appearance. Now that a depression is off the table, demand has declined across the world. Except in China.

The Chinese are slowly getting richer and richer. And they are world-class savers. That's why – as global gold demand fell in the second quarter – Chinese gold jewelry demand climbed 6%… while investment demand remained stable. This is one of the week's must read articles…

Read full article...

More on gold:

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When gold will hit $1,000 an ounce

Richard Russell: Gold has officially broken to the upside

Topics:		Gold \| China \| Commodities

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