Quote The gold price is moving because of the fundamental factor not because of the dramas of the day in the developed world's monetary system. The media has to overlook this because each day in their lives demands another story that's dramatic enough to get you to read it. This throws up a fog that hides the more boring day to day realities. Over a longer term these factors are as dramatic as the gold price rise since 2005 ...................................... In this quarter we are also seeing an increase in bar and coin demand which is being driven by inflation. This is NOT a substitution for jewelry. Jewelry was up 17% in India and China in this quarter and both countries were up substantially in terms of total demand India up 38% and China up 25%. India off a higher tonnage number grew faster in this quarter than did China and so we don't see India giving up its number one position soon. This year probably puts to rest the concept of gold having a doldrums between May and June. How more definite could that be stated than the gold price hitting record levels during that time! What we should now focus on is that from September onward, demand jumps because of jewelry manufacturing in the developed world and the festival season in India overlaid with growing investment demand on a non-seasonal basis. http://www.kitco.com/ind/AuthenticMoney/sep022011.html
