When the price of gold is mentioned as costing “x dollars per troy ounce” do you fully appreciate the signifance of the term "troy"? When looking to buy gold jewellery do you fully understand what the difference is between an item that is 10 "karat" gold and another item stamped 18 "karat" gold (other than that it is much more expensive)? Let me explain. Words: 587
Read More »Gold Demand In China & India – What Does the Future Hold?
Lifted by a continued surge in Asian gold sales, consumer demand for gold reached an all-time high in 2013 at 3,893 tonnes. Amazingly, 54% of this demand came from two places: India and China. However, it is only recently that the East has dominated global demand for the yellow metal. In this infographic, we look at India and China specifically to see why demand keeps expanding in the East.
Read More »Expect Gold to (Only) Drop to $1,150 by Mid-2014! Here’s Why (+4K Views)
The gold price will likely decline to $1,150 next spring but should find enough buyer support from physical buyers and jewellery makers to prevent a fall below $1,000.
Read More »