Gold Prices, China and India
The global economy is getting bigger by the second.
The two giants on the move are China and India. This is 25% of the world's population, and these guys are growing at an 8% per year...now that is something. They are also in the top 5 in the world in terms of GDP, so this growth of 8% is coming from a big base.
That is creating demand. Demand for everything. Precious metals, cars, Internet routers. What we saw in the US in the 90's, we are seeing in these two countries now. This is great for investors worldwide...Demand is good for owners.
India is the top consumer of Gold in the world. The metal continues to have it's hallucinating effect on the population there. And that's why the bull trend in Gold will be here for years to come. Buy the dips....I am waiting for one to get back in.
I realize that I can't come up with something intelligent to say every day, so I have decided to just post as often as I can, without the condition of posting daily. I do promise something new several times a week....
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Sanjay John G.
The two giants on the move are China and India. This is 25% of the world's population, and these guys are growing at an 8% per year...now that is something. They are also in the top 5 in the world in terms of GDP, so this growth of 8% is coming from a big base.
That is creating demand. Demand for everything. Precious metals, cars, Internet routers. What we saw in the US in the 90's, we are seeing in these two countries now. This is great for investors worldwide...Demand is good for owners.
India is the top consumer of Gold in the world. The metal continues to have it's hallucinating effect on the population there. And that's why the bull trend in Gold will be here for years to come. Buy the dips....I am waiting for one to get back in.
I realize that I can't come up with something intelligent to say every day, so I have decided to just post as often as I can, without the condition of posting daily. I do promise something new several times a week....
Subscribe now to The Wall Street Journal and get up to 8 weeks FREE
The Prudent Speculator -- Ranked #1 by Hulbert for 10, 15 and 20 year performance...Click Here!
If you subscribe to the Wall Street Journal or the Prudent Speculator using the links above, I get a commission.
Sanjay John G.
1 Comments:
Interesting take on China and India contributing to this rally. But I think a top is here, prices are going down! Sell all gold, buy China stocks!
E. Lu
San Diego, CA
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