by Moe Zulfiqar
Buyers Disregard Gold Prices
It can’t be stressed enough: if you want to know where gold prices are going, then pay attention to buyers. Their actions suggest gold bullion prices could soar.
We are seeing a gold rush, but unfortunately it fails to get any recognition.
There are three things you must know: China remains a strong buyer, Indian’s gold demand is astonishing, and mint sales around the world are surging.
To give you some idea about the demand for gold in China, consider this: in March, the country imported 64.1 tonnes of the yellow precious metal from Hong Kong alone. In February, this figure was 42.9 tonnes—this represents an increase of close to 50% month-over-month.