From Frank Holmes of U.S. Global Investors:

A few weeks ago, we held our Case for Investing in Gold webcast with the World Gold Council's (WGC) Jason Toussaint, who gave some remarkable insight into gold demand in the East. In these countries, gold is not only celebrated, acquired, worn, or displayed during holidays or special occasions... it is seen as an everyday symbol of wealth.

Increases in demand from China and India have driven a 7.5% increase in demand for gold jewelry during the first half of the year, despite a 25% increase in the price, according to a report released this week from GFMS. However, much of India's potential gold demand remains untapped.

Toussaint highlighted an interesting fact: Of the roughly 800 tons of gold imported to India each year, only the top 40%...

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