I'm sure you won't see Warren Buffett chancing his arm with gold anytime soon, especially after the latest report from the World Gold Council, and if I'm right the WGC will be cooking the books as well.
Here's what a Reuters analyst says:
The above prompted Reuters market analyst Clyde Russell to project that “If the pattern of the first half of 2012 is repeated in the second half, demand would total about 4,180 tonnes, down a significant 8.6 percent on the 2011 figure.” More importantly, Mr. Russell notes that “gold demand has now weakened for four consecutive quarters,” and that, therefore, “assuming that it will hold steady in the second half may be a touch optimistic.”
