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Thread: Who buys gold ?

  1. #181

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    Demand for gold in India grew by 9.1%, for jewellery by 12% in 2017: World Gold Council


    In 2017, India's gold demand grew by 9.1 percent to 727 tonnes from 666 tonnes in the previous year. The total jewellery demand in India for the last year was up by 12 percent at 562.7 tonnes, as compared to 504.5 tonnes in 2016, said a trend report from the World Gold Council.


    https://www.businesstoday.in/current...ry/269978.html

  2. #182

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    Russian banks ramping up gold purchases at record pace


    The Russian government has purchased two-thirds of all the gold mined in country, buying it from local banks to add to reserves as the Kremlin sees the precious metal as a safe haven at a time of geopolitical turbulence.
    “For banks, this is good business. They credit mining companies, which return the loan with the gold they extracted. Then banks sell it to the Central Bank," according to the Russian Finance Ministry, quoted by Prime news agency.


    Russia is the largest gold buyer in the world, and purchases by Russian banks have increased substantially in recent years.


    https://www.rt.com/business/417592-r...old-purchases/

  3. #183

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    People who are not buying gold think this debt party is going to last forever.....Good luck to them.....

  4. #184

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    When the going gets tough, Germans buy Aussie gold. They're doing it now

    Gold exports from Australia rose sharply last year and Germany was a big driver of that – they spent $8 billion on gold investment products.

    Partly it was collectability – kangaroos on coins has a certain exotic feel for German collectors – and partly it was refuge from Germany’s negative interest rates and quantitative easing.


    http://www.smh.com.au/world/when-the...05-p4yzgw.html

  5. #185
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    BRICS countries to establish a new gold trading platform.

    The memorandum was signed by the deputy chairmen of their
    central banks.

    They state that the gold trading in London and Switzerland has
    become less relevant presently.

    https://www.bullionstar.com/blogs/ro...ading-network/

  6. #186

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    Quote Originally Posted by Silver and Gold View Post
    People who are not buying gold think this debt party is going to last forever.....Good luck to them.....

    Most Americans are not buying metals....They love their debt


    Total US household debt soars to record above $13 trillion

    Total household debt rose to an all-time high of $13.15 trillion at year-end 2017, according to the Federal Reserve Bank of New York's Center for Microeconomic Data.
    The report said it was fifth consecutive year of annual household debt growth with increases in the mortgage, student, auto and credit card categories.


    https://www.cnbc.com/2018/02/13/tota...-trillion.html


    ******** Maybe Paul Ryan thinks with the extra $1.50 a week many will pay that debt down.......LMAO What an idiot.....

    Higher interest Rates coming doesn't sound good for many.
    Last edited by Silver and Gold; 02-13-2018 at 05:54 PM.

  7. #187
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    Well, the rich people buy a lot of gold and store it
    in the Swiss Alps.

    See the pictures:

    https://www.google.ca/search?q=gold+...gV3wg5sntjUcM:

  8. #188
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    Everyone should buy gold now:

    https://kingworldnews.com/this-is-go...ng-above-2000/

    With the tax cuts, infrastructure spending and loosening of the regulations,
    the financial markets are becoming unstable. Deficits will balloon by 2 $ trillion.
    No wonder the US $ is going down.

    My note: Gold goes up when the $ goes down.

  9. #189

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    Quote Originally Posted by Silver and Gold View Post
    Most Americans are not buying metals....They love their debt


    Total US household debt soars to record above $13 trillion

    Total household debt rose to an all-time high of $13.15 trillion at year-end 2017, according to the Federal Reserve Bank of New York's Center for Microeconomic Data.
    The report said it was fifth consecutive year of annual household debt growth with increases in the mortgage, student, auto and credit card categories.


    https://www.cnbc.com/2018/02/13/tota...-trillion.html


    ******** Maybe Paul Ryan thinks with the extra $1.50 a week many will pay that debt down.......LMAO What an idiot.....

    Higher interest Rates coming doesn't sound good for many.
    Many certainly cynically believe that maxing out their debtpossibility is a profitable move. I guess they squirrel some money below the radar and will when they have siphoned enough into an offshore account, let the bank pull the plug.

    Golditiki2+++

  10. #190
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    Jan 2017
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    The case for gold has now become compelling.

    http://tocqueville.com/tocqueville-g...vestor-letter/

    ---financial market losses will trigger a higher price of gold
    ---expected weakening of the USA $ will trigger a higher price of gold
    ---gold has performed well in times of uncertainty (see table)
    ---since year 2000 gold gas outperformed equities, bonds, and key
    commodities (see chart)

    This is a great report, with much more information.

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