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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Bulls & bears: Where gold goes next

Posted on 08 November 2010

From Hardassetsinvestor.com: People aren’t buying gold simply as a dollar hedge or inflation hedge, or for double-dip fears. Some cultures around the world—like India and China, which are the largest gold demand markets—will purchase gold, most often in the form of jewelry, as a matter of lifestyle, religious beliefs, cultural beliefs, etc.
So yes, gold is a good inflation hedge. But if you look at the buyer of jewelry at a gold market in Chennai, India, they’re not asking, “Well, wait a minute, what’s the CPI estimate coming out of the U.S. tomorrow?” They don’t care……………………………………….Full Article: Source


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