| To examine the gold market, you must pay attention to the big buyers. Don’t listen to the noise that suggests the precious metal is “useless.” Gold prices may be down and out, but the major buyers remain resilient. We continue to pay attention to three main buyers; India, China, and central banks. These three buyers have been nothing but exceptional with their precious metal buying.
Take India for instance; in the month of August, $4.95 billion worth of gold was imported into the country. In the same period a year ago, this figure was just $2.06 billion. Simple math will tell you that Indian demand for the precious metal increased 140% year-over- year. (Source: India’s Ministry of Commerce & Industry, last accessed September 21, 2015.)..............................................Full Article: Source
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