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POSTED ON May 11, 2018  - POSTED IN Fun on Friday

I always enjoyed watching the TV show, Dirty Jobs. Mainly because it made me feel better about sitting at a computer writing stuff all day. It can be monotonous, but it certainly beats inspecting sewers, or wrangling snakes, or chicken sexing.

But what if the payoff for your dirty job was gold? Would you consider it?

Some people in India do. They scavenge through, dust, grime and sewage on Mumbai’s streets to collect gold.

POSTED ON May 11, 2018  - POSTED IN Key Gold Headlines

Chinese and Indians love gold. It is not only considered an investment and a way to protect wealth. The yellow metal also weaves itself into the cultural fabric of both countries. Gold is often given as gifts at weddings, and during other holidays and festivals. This affinity for gold has led some to dub a major component of overall demand for the yellow metal in India and China the “love trade.”

According to an article published in Forbes, the love trade is looking pretty good for the rest of 2018. This bodes well for overall gold demand, as China and India rank as the No. 1 and No. 2 gold markets in the world. 

POSTED ON April 2, 2018  - POSTED IN Key Gold Headlines

Indians are hoarding their gold despite an increase in the price during the first quarter of 2018. Analysts say they are holding onto their gold in anticipation of bigger price increases.

Gold was up around 1.5% in dollar terms in the first quarter of this year. According to the Economic Times of India, the yellow metal appreciated 4.41% in rupees.

Even with that healthy increase, old gold sales in India fell by 35-40% in Q1 2018 compared to the previous quarter. According to the paper, analysts and traders think Indians are holding back selling in anticipation of further price increases, especially if the US and China get into a full-blown trade war.

POSTED ON January 15, 2018  - POSTED IN Key Gold Headlines

We write a lot about India because people in the country love gold. Even the poor buy gold in India. Indians value gold as a store of wealth, especially in poor rural regions. Two-thirds of India’s gold demand comes from these areas, where the vast majority of people live outside the official tax system. Gold is one of the engines that make the Indian economy run.

India gets a lot of attention because it ranks as the world’s second-largest gold consumer, but it isn’t the only country with an affinity for the yellow metal. Gold has played a vital role in the history and economy of Vietnam, and still serves as an economic lifeline for the Vietnamese people today.

POSTED ON January 3, 2018  - POSTED IN Key Gold Headlines

Lost in the shadow of gold and cryptocurrency, silver quietly gained over 6% in 2017. Even so, the white metal was considered an underperformer. Gold was up better than 12% on the year. But with silver languishing a bit behind gold, there are strong indications that 2018 could prove to be a big year for the white metal.

In fact, according to an article in the Business Standard, mainstream investors have started betting big on silver in anticipation of a big price upswing in 2018.

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