India Gold News
Gold heads lower after profit-taking Futures Magazine Other background gold market news indicates that India's 2012 gold imports could suffer a 35% setback in the wake of moderating inflation and a recovery in local equity markets. "The stabilisation of basic macroeconomic conditions at home is expected ... |
No need to go physical: Simple financial products backed by gold or real ... Economic Times Indian households have had high savings, but put more than half into physical assets such as gold and real estate - a significantly higher amount than most other countries. This is understandable as investment returns on physical assets in the past ... |
 «Market Leader» - news and previews making you rich. | Gold And Silver: Daily Market Outlook. Feb 22nd 2012 «Market Leader» - news and previews making you rich. Under the global pressure, China, India and Japan promised to lower their imports of crude oil from Iran at least by 10%. It should be noted that these countries consume 45% of Iran's total export of crude oil. The International Atomic Energy Agency ... |
Import of gold may fall 35%, says panel Gulf Times Easing inflation and a revival in stock markets could dent gold imports by India, the world's biggest consumer, pushing shipments down by about 35% in value terms in 2012/13, a government panel said yesterday. Indians found gold a better investment ... |
Gold Stocks About To Undertake Feasibility Studies: The Good, The Bad, The Maybe Seeking Alpha With predictions stating that the gold market is going to improve this year in areas like India, the future depends largely on how flexible these companies can be, which is why I'm also going to discuss a company that has been confusing for some ... |
Is China Set to Become the New Global Gold Powerhouse? Minyanville.com Recently released World Gold Council numbers show that global gold demand exceeded more than $200 billion last year for the first time -- but it is the WGC's claim that China could possibly replace India as the world's largest gold market in 2012 that ... |
The Enduring Popularity Of Gold Seeking Alpha After flirting with the top spot for some time, China emerged as the world's largest gold market for jewelry and investment during the fourth quarter of 2011 as demand in India weakened. This is the first time China's demand outpaced India's in 11 ... |
Gold imports pegged at $58 bn Business Standard Calling gold imports an idiosyncratic element of India's current account deficit, the report emphasised that imports of the yellow metal need to be controlled. Gold imports in value term are expected to rise 76 per cent to $58 billion this fiscal, ... |
 Hemscott | 4 Scenarios for Long-Term Gold Prices Hemscott While emerging, non-Western economies like China, Russia, India and Saudi Arabia have been busy purchasing bullion, developed Western economies have brought their gold sales programmes to a halt, with the last major sales occurring in 2009. |
4 Scenarios for Long-Term Gold Prices Morningstar While emerging, non-Western economies like China, Russia, India and Saudi Arabia have been busy purchasing bullion, developed Western economies have brought their gold sales programmes to a halt, with the last major sales occurring in 2009. |
Why the Price of Gold Rises and Falls
Gold is a safe haven from the world crisis that is slowly diminishing faith in financial and monetary systems. History has proven that gold has always been money that holds its value in time of trouble. As the U.S. dollar devaluates along with currencies throughout the world, inflation will eat up your paper money much faster than your pay raises can keep up with inflation. Since the gold windows of the United States were closed by Richard Nixon in 1971, gold has been able to adjust its price in the world markets. While there are different reasons for golds price variations, driving forces of fear and inflation has always pushed up the price of gold.
Looking around at the financial markets today, we see fear has driven the price of gold from around $300 an ounce in the year 2000 to a high of around $1900 an ounce in 2011. The majority of economist never saw the problems coming that are plaguing the world economies today, which in turn are driving up the price of gold. So what drives the price of gold down, you might ask? Supply and demand. As economies get stronger, so does their currency. Gold drops in price when inflation goes away and financial markets stabilize. Investors sell their gold when this happens and invest their money in financial markets that now make profitable gains. This increases the gold supply which can stabilize gold prices and possible drive gold prices down. At this moment, China, India and Russian banks are buying huge amounts of gold. The U.S. and European economies are declining because of problems that may take years to resolve. Gold has and always will be the safe haven during these times of economic troubles.
The Asian banks know what is coming and even though gold prices today are at their highest levels we have seen to date, this has not dettered their banks from buying massive amounts of gold. So, what drives the price of gold up? Again, supply and demand.
How much gold has already been mined and how much more gold can be extracted to keep up with the supply and demand? The fact that one ounce of gold sells for well over $1600 today can help shed some light on the amount of gold available to the world markets. Gold mining companies agree that it takes about $800 for them to produce one ounce of gold. Statisticians have deducted that all the mined gold available today in the world can fit into a 20 meter cube; that is roughly 65 feet high, wide and deep. If that is all the gold there is, then, what will happen to the price of gold, is our economies will sink further into the abyss.
Printed money is basically an I.O.U. furthermore, history has shown that printed currency devaluated or even became worthless in times of financial turmoil. Gold will fluctuate up and down in the short run, but in the long run, gold has steadily outperformed stocks since the mid eighties. The fact is gold has gone up 50% since 2010.
The financial world crisis is so complex and disruptive that governments around the world are scrambling to find solutions to problems that took years to develop and will take years to correct. The steady rise in the price of gold is directly related to these ongoing world problems.
Buy gold now and benefit from the rising value that will see further unbelievable gains in the coming years.
Investing in SILVER
Silver has always been a source of money since ancient times and has followed it's big brother gold, as demand dictates its price. Inflation and fear of financial markets have been key to rising silver prices, while global market stability drives down silver prices. The outlook for silver prices are changing to more positive gains, as the stock market and economies volatile swings are sending investors scrambling to other safe havens in order to protect their money.
The price of silver gained 66% in the year 2010 and out performed gold. Industrial use of silver also rose 18% in 2010. The industrial demand has put pressure on the supply of silver and mining operations are hard pressed to keep up with investment and industrial demand for silver.
As the world's economies fall deeper into uncontrolled debt, the paper currency glut will lead to inflation. This event will