I agree SP.
I wont go into detail here because the history is freely available for those that search, but what most don't realise is that Indian 'jewelry' demand, IS investment demand.
Indians have experienced paper mony issues in the recent past, and when the goverment banned gold investment in bullion bars, coins etc, guess what happened....?
Chinese isn't the only developing country of scale who are waking to golds enduring monetary value, India has been there for some time.
Also, congratulations to all the holders of gold stocks today, well doen. Me, I think I'll top up on some more physical while the Aussie dollar is so high (IMO).
Cheers.
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