By Frank Holmes (Guest Post)
During the second quarter, gold’s rising value didn’t deter Chinese and Indian buyers. In its webcast, the World Gold Council (WGC) said these “predominant drivers” of gold demand accounted for “52 percent of bars and coins and 55 percent of jewelry demand.” China’s demand grew 25 percent, while India saw an increase of 38 percent. WGC attributes this growth to “increasing levels of economic prosperity, high levels of inflation and forthcoming key gold purchasing festivals.” I often write about these festivals to showcase these countries’ strong appreciation for…
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