Back to the golden past

There has been an unprecedented surge of gold imports into both India and China in 2011 and this is likely to continue in the future. Pure economics cannot explain why these two traditional societies are importing gold on such a massive scale. Just look at the numbers: India and China together are incrementally buying nearly 45% of all gold being produced globally and, if imports continue at the present rate, the two societies could end up consuming up to 70% of the yellow metal in the years to come. 

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