Online: 2013-03-20 (26 D)
Monitored: 6 Days
Last Paid:
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Gold Trend Program Description
Welcome To GOLD Trend!
Why Invest in Gold? We buy gold for the same reasons that we buy insurance - because the risk of significant loss of wealth makes it the wise and prudent thing to do.
There are a great number of reasons that gold has to continue rising:
Growing global demand and limited supply
According to data published by the World Gold Council (WGC), gold demand fell by 53.1 tonnes to 1097.6 tonnes in the first quarter of 2012. Over that same period, however, combined jewelry and investment demand in India fell by 83.1 tonnes due largely to a new tax on gold jewelry and increases in the import duty on gold. The jewelry tax has now been repealed.
Demand outside India actually rose by more than 3.2%, a significant portion of which is due to steadily increasing purchases by the world's central banks. Mexico's first quarter purchases totaled 18.2 tonnes and the Philippines' central bank took in over 31 tonnes in March alone. Russia, Kazakhstan, and Ukraine have also stepped up purchases considerably.
Monitor Button Code
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