India's Weather And The Price Of Gold
By David Fessler:With investors flocking to the barbarous relic, the $64,000 question is: Is gold in a bubble or can it go higher? What really affects its price? Who’s doing all the buying? How’s it being purchased? And, are gold stocks still a “Buy?” Investors contemplating an investment in gold at this point really need to understand the answers to all of those questions before making a purchasing decision. Let’s turn to the World Gold Council (WGC) for some answers. It just released its latest quarterly report, and the Council reveals some startling information once you dig in… especially how India’s weather affects global demand for the metal.
How Are Investors Buying Gold?
According to the WGC, here’s the breakdown of the second quarter 2011 (year-over-year) global demand growth for gold:
Gold Segment Demand Growth Q2 2011 Y-o-Y
Official Coins -7%
As you canComplete Story »