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Originally Posted by hershie
But what about the demand destrustion we are seeing in India where the higher prices are lessening people's interest in buying gold or jewellery... so just like oil where as gas prices rise, people trade in SUV's, drive less, wind power projects get funded..., there may be a natural collar put on the price of gold from less demand.
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Indian's economy is growing at a very healthy rate ---> more disposable income ---> 'hey
gold is more expensive than last year, but since I got a hefty bonus on top of my salary, I'm gonna buy my wify some jewellery" ;)