| From Hardassetsinvestor.com: Emerging market consumers, not Western buyers, currently drive the bulk of jewelry and physical bullion purchases. Meanwhile, investors in the U.S. have turned to gold ETFs more as trading vehicles than stores of value. Demand has evolved—even from quarter to quarter.
A key element of that was the growth in demand in India in 2010. In total, India reached 745.7 tonnes of jewelry demand, which was up 13 percent [since 1998's peak]. Within that, you had a very strong fourth quarter, continuing the revival of Indian demand last year from the low reached in 2008..............................................Full Article: Source
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