China, India & Russia are Consuming Gold at Record Levels

REUTERS/Krishnendu Halder (INDIA)

Gold demand is reoccurring theme on this blog but here is the surprising truth: the spike in gold demand is due to Love.  Not the love of gold, but love, true love, amour, kärlek, любовь, szerelem, you get the picture.

The ring you bought your sweetheart, the gold bracelet & gold earrings.   All of these have contributed to 2010 being one of the biggest years in gold for the last 50 years.

India, China, & Russia had the largest increases for demand of gold, about 54% of that increased demand went directly to jewelry. This demand is expected to increase as gold goes up in price. Many in these emerging markets are using jewelry as part of their physical ownership of gold. This is one way to take possession of gold, we recommend a diversified portfolio of bullion, certified better date & rare coins. Read more on the romantic side of gold: Jewelry Drives the Gold Love Trade


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