Asian Gold Buyers
September 28, 2011 22 Comments
These are four stories I came across today.Asian buyers are bullish on gold.In Bangkok they bought gold even as the prices dipped.I guess only time will tell if they were wise or not.This picture is from Yaowarat in Bangkok.The full story is available here: http://www.bangkokpost.com/business/economics/258447/gold-price-plunges-on-europe-fears
The second story is from India.Here is the story just how much India Post plans on expanding its gold sales this year:http://www.sify.com/finance/gold-rush-set-to-become-a-sprint-in-india-imagegallery-gold-lj0mkzicfca.html
The third and fourth stories are from China.You can read the details of the first one here:http://www.sify.com/finance/Record-prices-spawn-new-wave-of-China-gold-buyers-imagegallery-gold-li4rNncebdi.html
This is a link to the second story out of China http://www.sify.com/finance/China-launches-its-first-gold-vending-machine-imagegallery-gold-lj1sezfejgf.html#galname So China has caught up with other Asian countries like the UAE and Japan and some Western countries.Only time will tell if this is a sign of a coming gold bust.