Shawn who is actually buying gold?Certainly not the mom and dads...

Shawn who is actually buying gold?
Certainly not the mom and dads they are net sellers by the truck load to all the gold buyers in the malls at 30% under market.
I know the scam,make the punters think they are getting a record price and shove an envelop under their noses to filled with your unwanted gold..when really the punters should be storing it and refining it themselves.
Im in the game i know jewellers are struggling to sell gold.
So who is buying, china and india?
Middle east oil money?
Smart western buyers of the physical?

All of the above i would say.