The Phaserl


India to import around 350-400 tonnes of gold in Q2; Asia demand to hit record: WGC

from India Times:

Asian gold demand from this April to June will reach a quarterly record as bullion consumers in the region take possession of supply freed up by selling from exchange-traded funds (ETFs), the World Gold Council (WGC) said on Wednesday.

Gold prices fell to their lowest in more than two years at $1,321.35 an ounce in mid-April on signs of economic improvement in main markets and fears that central banks around the world could start to curtail their bullion-friendly policy measures.

The move scared investors in the West, triggering a sharp liquidation of speculative and ETF positions. But lower prices also prompted strong physical demand from price-sensitive countries such as India and China, which together account for more than 50 percent of consumer demand for bullion.

Read More @

Help us spread the ANTIDOTE to corporate propaganda.

Please follow SGT Report on Twitter & help share the message.

1 comment to India to import around 350-400 tonnes of gold in Q2; Asia demand to hit record: WGC

  • steelerdude

    Ok….everyone is messing with my mind here….where the HELL are they getting this gold??? I need to know…PLEASE PLEASE someone give me a site where they are purchasing this gold…a company? a country? US Mint?…

    This is really bothering me….Sean, please lets get our experts on this subject asap!!! We, the CIGA’s need to know!

    Maybe we are stupid ass shits thinking there is a limited amount of gold….

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>