Growing Asia Demand can Drive Precious Metal Prices Up

Growing Asia Demand can Drive Precious Metal Prices Up For better or worse, the prices of gold and silver (which are both currently experiencing low periods) are generally driven by the western markets. However, that may soon change, thanks to dramatic... More

Growing Asia Demand can Drive Precious Metal Prices Up For better or worse, the prices of gold and silver (which are both currently experiencing low periods) are generally driven by the western markets. However, that may soon change, thanks to dramatic increases in demand from Asia. This potential change may help investors by adding value to owned gold and silver, but may also soon drive up the price for physical gold and silver. The World Gold Council recently released information indicating a recent gold demand surge in Asia, on the heels of the dropping prices seen over the past few months. The report also demonstrates which two countries are currently buying the most physical gold: India and China. Specifically, in India, gold imports increased to nearly 400 tons in Q2 alone, which is roughly half as much as the total gold imported in all of 2012. China is experiencing similar import growth numbers, importing 170 tons of gold in April alone. Eventually (and more likely soone Less