Spot gold has been holding the recent gain from the Swiss dump well, IMO. Beginning to see more uptrend overall when many are expecting a hard push back down. Could we see $1350 gold over the next month?
Swiss dump vs India's import restrictions lifted...which could possibly have more real traction? Population of Switzerland is 8 million vs India's population of 1.27 billion. India sported 5,000,000 weddings last year, utilizing 200 grams of gold on average per wedding. That's nearly as many weddings as the whole population of Switzerland. (Can't dig out the link for that right now, but I do have a link for those wedding and grams of gold per wedding numbers). 1,000,000,000 grams of gold equals $38,000,000,000+/-. Will India's economy emerge as the clear front runner over the next decade? Last year China imported slightly more gold than India. But China restricts human reproduction to one child per couple. India has no such restrictions. When I visited there it was very common to see families of 4, 5, and on one occasion I even saw one family of 6, riding around on one Honda 350 (the preferred and faster way to negotiate through the incredible traffic in India). Is the current population number for India accurate?
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