Gold - an indicator of power! (EMGoldex review)

Gold has always been a sign of power. This applies not only to private buyers but the states. At all times, the state increases its gold reserves ... When the economy kept on most strongest countries the currency was tied directly to gold. We all hope that sooner or later this will stop the printing process and we all go back to the real world of secured money that will not depreciate and stop raging inflation.

Today the country is the leader in increasing their gold reserves - China. The need for purchasing gold China could exceed 1,000 tons this year, which means that China may overtake India, the largest consumer of gold bullion in the world — comments of World Gold Council on tuesday 07/23/2013.

India is not a lot of reducing replenishment of its gold reserves but this is not surprising since it is the only country in which nearly 50% of GDP is confirmed with gold.

After India announced an increase in import duties and the consequent reduction of the purchase of investment gold, we all is worried that the drop in world demand for gold and lead to another decline of gold prices. China, taking the aggressive side to buying gold gives us confidence that the gold just will not go down in price.

понедельник, 14 октября 2013 г.