by Lawrence Williams, MineWeb.com
Gold demand remains strong – notably in China and India.
Well there’s nothing like being optimistic at the start of a New Year and there are certainly many factors to be optimistic about if you are a gold bull. Gold demand remains strong – notably in China and India with those countries alone probably accounting for 100% or more of new mined gold at the moment. At the end of this article we will make some not very scientific predictions on the final levels for the gold and silver prices at year end 2015 – perhaps to have these totally shot down in flames when the year end comes. It is always easy to be wise after the event.
China (as per data from the Shanghai Gold Exchange withdrawals figures) is looking to perhaps see full year 2014 demand come to a little over the 2,100 tonne mark, thus only a fraction below last year’s record of 2,181 tonnes. So much for the almost incessant mainstream media reports throughout 2014 of a collapse in the Chinese gold market!
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