Jason Hamlin

Is India Now Irrelevant to the Gold Market?

Thanks for the article. It would be really helpful to quantify the demand sources that you reference. Saying what percentage investment demand or jewelery demand increased or decreased does not give the true picture.

The key question is: Does the number of ounces from increased state and investment demand offset the number of ounces from decreased jewelry demand?

If the answer is yet, the price of gold should continue to rise. If the answer is no, I would expect downward price pressure.

Thoughts?