Gold prices hovered at 4.5 year lows in much of 2014 - but Indian gold demand is roaring.
The nation took over as top gold consumer in the world earlier this month.
By Tara Clarke, Associate Editor, Money Morning • @TaraKateClarke -
Gold prices hovered at 4.5 year lows in much of 2014 - but Indian gold demand is roaring.
The nation took over as top gold consumer in the world earlier this month.
Here's a look at India gold demand - and how investors can play it right now...
By Tara Clarke, Associate Editor, Money Morning • @TaraKateClarke -
Gold prices hovered at 4.5 year lows in much of 2014 - but Indian gold demand is roaring.
The nation took over as top gold consumer in the world earlier this month.
Here's a look at India gold demand - and how investors can play it right now...
By Tara Clarke, Associate Editor, Money Morning • @TaraKateClarke -
Indian gold demand fell 39% at 204.1 tons in the second quarter according to data released by the World Gold Council (WGC) last week. Gold jewelry demand was also down 18% at 154.5 tons.
Import duties leftover from a currency crisis in 2013 have stifled Indian gold demand from their origination through this Q2.
By Tara Clarke, Associate Editor, Money Morning • @TaraKateClarke -
Gold prices have rallied 8% so far in 2014. It follows that investors in gold stocks - which are closely linked with gold itself - stand to profit. But the first half of 2014's gains aside, pressures shaping the yellow metal right now demand an allocation of gold stocks in a healthy investment portfolio.
In fact, Money Morning Chief Investment Strategist Keith Fitz-Gerald said in May that the case for owning gold has never been stronger.
"Many investors are asking themselves if now is the time to buy gold. I think that's the wrong question," Fitz-Gerald said. "What they should be asking themselves is if they can afford not to buy gold."
By Frank Holmes, Guest Writer, Money Morning -
As interest rates rise federal debt will be rolled over at higher rates, increasing the federal debt burden, suggesting a tipping point for Treasuries. Will the Fed try to suppress yields with printing more easy money?
Couple this with the outrageous demand for gold in the Asian giant and you have a "perfect storm" forming to drive gold's price higher.
Frank Holmes explores gold's bullish prospects...
By Diane Alter, Contributing Writer, Money Morning -
By Diane Alter, Contributing Writer, Money Morning -
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