China is already the world’s biggest metals consumer. But they aren’t top dog in all metals, at least not yet. The metal I’m taking about is the precious yellow metal. India still holds the top spot as the world’s number one buyer of gold
India has valued gold for centuries. It still does. Gold has just gotten a bit pricy at a time when the Indian Rupee has lost value. So Indians didn’t buy as much gold as usual during the second half of last year.
There is more interest in the silver market than probably ever before. How do I know? Not from currency speculators…or volume on the silver ETFs…or what far-off countries like China is doing. I like to keep an eye on the coin buyers. They’re the ones who tell me if prices will be rising or falling in the following months.
By David Dutkewych, Commodities Analyst My kids love putting money in their piggy banks. They are too young to recognize the value of each coin. 10 pennies make them happier than a single quarter. This got me to thinking, is it time to start raiding my kids’ piggy bank and sorting through
Earlier this year when billionaire and fellow London School of Economics alumnus George Soros got out of gold, it made headlines everywhere. Little noted was the fact that he increased his shares in gold miners this year. Both moves backfired. Gold has gone up and the shares of gold miners have gone
By David Dutkewych You can buy 55 ounces of silver for every one ounce of gold. That’s outrageous. No way silver should be so cheap compared to gold. The 200-year average for the gold-to-silver ratio sits around 37 to 1. Why is the ratio so high now? The answer is, if the
We all face the same dilemma as the reluctant gold buyer who confesses in the excerpt below “Gold has already risen massively. It would be awful to buy at the very top of its bull market. Gold brings in no income whereas many shares currently have extremely attractive dividend yields.”
If fact, central banks are buying gold at a record pace, says the World Gold Council. So far this year central governments – led by China, India, Brazil, and Russia – have bought a net amount of 350 metric tons, easily beating last year’s net purchases of 76 metric tons and the previous high of 180 metric tons back in 1988.
