Author: Lawrence Williams
Posted: Wednesday , 19 Jun 2013
FUNCHAL, MADEIRA (MINEWEB) -
Gold and silver prices continue to disappoint the hard money believers, but fundamentals – depending on how you interpret them – do to this observer suggest that the long term future for precious metals remains a positive one. Physical gold, and presumably silver, although this is not as well reported, continue to move from West to East – and from less supportive holders to firmer ones.
And, despite the occasional conflicting reports, it appears that China and India in particular continue to remain strong markets.
Of course the Indian government moves to curb gold imports already seem to be having an adverse impact on official figures, (See also: Government curbs finally bite; Indian gold imports fall) but, one suspects, the Indian popular demand for gold is likely to see gold imports increasingly moving underground as old gold smuggling routes, which had largely died away, will be being re-opened and we are already beginning to see reports of people attempting to smuggle gold in from Dubai being caught. ...