Saturday , 20 October 2018


Tag Archives: largest gold consumer

Who Is Responsible for Current Weakness in Gold?

Just as US investors are advised not to fight the Federal Reserve, gold investors worldwide would be well advised not to fight the Government of India. India is the world's largest gold consumer [and their intent on curbing gold imports by any means necessary could have a negative effect] on world gold demand [and, as such, most likely, on gold prices. IMO,] at best, we will see a sideways market in the price of gold in 2013, and at worst, this will be the year when gold prices start the inexorable drop.

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