India's Weather And The Price Of Gold

Tue, 08/23/2011 - 12:43 EDT - Seeking Alpha

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
Jewelry 6%
Technology 2%
Bars 13%
Official Coins -7%
ETFs -82%
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The Gold Triple Play - Volatility, Currencies and Europe
Resurgent investment lifted global gold demand 6 percent from the previous year to just over 1,000 tons during the third quarter of 2011, according to the latest Gold Demand Trends Report from the World Gold Council (WGC). The potent cocktail of inflationary pressures in the emerging world and the European sovereign debt fiasco left investors searching for a safe haven—they looked for it in gold.
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Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.The article below is a guest contribution by Frank Holmes, CEO and Chief Investment Officer of U.S. Global Investors.
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The World Gold Council (WGC) reaffirmed the power of the Love Trade in its 2011 Gold Demand Trends report released this week. Gold demand grew 0.4 percent in 2011 despite a 28 percent year-over-year increase in bullion’s average price.
The Enduring Popularity of Gold
The World Gold Council (WGC) reaffirmed the power of the Love Trade in its 2011 Gold Demand Trends report released this week. Gold demand grew 0.4 percent in 2011 despite a 28 percent year-over-year increase in bullion’s average price.
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Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.The article below is a guest contribution by Frank Holmes, CEO and Chief Investment Officer of U.S. Global Investors.
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Demand for gold was relatively resilient in the first quarter of 2012, with global demand falling 5 percent on a year-over-year basis, says the World Gold Council. Marcus Grubb, managing director of investment, calls this slight quarter decline in demand “noise in the context of 22 percent rise” in the price of gold compared to first quarter of 2011. Also, gold demand was very strong in the first three months of last year.
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India's Weather And The Price Of Gold

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