Hi Paladin -- yes, I reckon that India Au purchases are...

Hi Paladin -- yes, I reckon that India Au purchases are primarily as an investment hedge rather than for jewellery.

Hi SiameseP - hahaha - let's hope that not many are watching - I like Oppie's idea -- get some more.

Here is an interesting article about delivery of physical gold;

http://oikonomikablog.wordpress.com/2009/01/07/is-comex-running-low-on-physical-gold/

I cannot verify accuracy -- but this site appears to back up the physical shortage sentiment.

http://www.marketoracle.co.uk/Article7796.html

Anyone else have references for/against gold rising??

cheers