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Thursday, December 09, 2010 1:09:44 AM
India's gold culture hordes in a closed cycle, building heirloom holdings over generations. Industrial gold is also taking gold out of circulation. Meanwhile nations are talking of a gold standard trade currency which would require major stockpiles abroad. There is much to support our eventual valuation.
"Industrial demand, which has returned to long-term levels, is expected to remain firm on the back of renewed growth in the electronics industry, due to the majority of semi-conductors being wired by gold."
http://www.rttnews.com/Content/AsianEconomicNews.aspx?Node=B2&Id=1483052
http://www.im-mining.com/2010/11/23/strong-outlook-for-gold-demand-for-remainder-of-2010/
http://www.diamonds.net/news/NewsItem.aspx?ArticleID=33403
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