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New consumers for gold PDF Print E-mail

A group of 600 million middle class consumers with disposable incomes, a national propensity to save their money, and driven by the (likely correct) belief that gold is the best hedge against inflation is about to become a big factor in the retail gold market.

Yes, Chinese are about to overtake Indians as the largest consumers of gold.

If you imagine this will keep driving the price of gold upwards, you are likely to be right.

It's not too late to build your bullion coin collection though: there won't be 600 million in the Chinese middle classes until 2015....

Read more here.

 
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