Gold demand soars 21% in strongest first quarter on record
Negative interest rates and global uncertainty are likely to boost demand further, says World Gold Council
World Gold Council
Winning the uber jackpot. 5 things to buy from an investment perspective
Life has many ways of testing a person’s will, either by having nothing happen at all or by having everything happen all at once – Paulo Coelho – What would you buy if you won the lottery? What to do after winning a hyper jackpot? This fantasy exercise is always really amusing, conjuring images of … Read more
The man with the golden shirt
India’s man with the golden shirt According to the World Gold Council, India bought 933.4 tonnes of gold in 2011. 3.32 kilograms (7.3 pounds) of this gold were purchased by a Indian businessman to bring him his 15 minutes of fame. Datta Phuge ordered a golden shirt worth 240,000 dollars, made up of 14,000 pieces of … Read more
China to become the largest source of demand for gold in 2012
Gold demand in China is expected to rise up to 30 percent this year China – the largest jewellery market for the third consecutive quarter. Global gold demand in Q1 2012 was 1,097.6 tonnes, down 5% from the high demand levels seen in Q1 2011, according to the World Gold Council’s Gold Demand Trends … Read more
China to overtake India as world’s largest gold market
China Set To Overtake India As Top Gold Market Sales of gold are so relatively unaffected by the economic situation, unlike so many other commodities. India and China continue to believe in both the intrinsic and emotional value of gold jewellery which explains why overall global jewellery demand was resilient despite high gold prices, difficult … Read more