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Papli
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Asia Buying Gold On Dips - “Empires May Fall, Currencies May Change… - Mark O'Byrne - gold.ie

Mark, in Asia the relationship between investors and gold is based on trust vindicated by centuries of association between the two. Convinced that at $ 1700 and $ 33 gold and silver have possibly come to stay, yet everybody is waiting for a dip to buy at lower prices. In India, banks are offering 9 to 10 % interest rates but taxes and inflation squeeze the final gains. 20 % gains in a month in gold and silver appear the more convincing investment option hence the rush. Yes one noticeable change in pattern. Youngsters have come into the fray but as opportunists and not loyalists. Make a quick buck and quit to repeat. No love for physical gold. Use it else you will lose it, is their philosophy to beat volatility.

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