Gold belongs to scarce resources
Gold belongs to scarce resources, we should give more consideration to long-term investment. People's demand for gold are generally divided into two categories, one is gold jewelry demand, a demand for investment. British mining services company statistics, although the demand for gold jewelry in the first half decline, but the main or supporting a high gold investment demand, they calculate the cost of gold production of around 600 U.S. dollars.
Some people might ask, if the world economic recovery, inflation is not that serious, high price of gold is not investment demand for gold have some impact? This case, the price of gold will fall then?
Although the recent two quarters, the growth in demand for gold mainly from the growth of investment demand, but soon will be growth in jewelry demand. First of all, people need a gold on the high acceptance process. I remember 2007 annuity prices go to 600 U.S. dollars, everyone felt too expensive. But three months later, all will have adapted. Because people still want to buy gold ornaments to embellish their own.
Moreover, the gold production costs are relatively high. Large quantities of gold were mined in South Africa, labor costs are rising, the South African country's currency against the U.S. dollar appreciation, a variety Akoya pearls of factors contribute to the price of gold higher.
If the economic recovery, then the prices of raw materials will also be, is not it will affect Tahitian pearls the price of gold also rose? A characteristic of gold, and other traditional investment products in general there is no correlation, but also different in different inflation down.
Consumers want to see the long-term gold investment value, rather than staring at all times the short-term price fluctuations.
The impact of India's consumer spending is shrinking
We know that India is the first big consumer of gold country, but recently the Indian gold demand and imports have been declining, and in June imports fell by 55%, and recently India will import duty on gold and silver increased to twice the original.
India has long maintained the position of high consumption of gold, especially gold jewelry consumption. Indeed, within a period of time in the past India's gold consumption declined because consumers are very sensitive to the price of gold, many Indians as a disguised form of gold currency to use, so a little bit of volatility can lead to large-scale to stop the sale.
Traditionally, India's gold consumption is not a one-year mid-term season, season or at the end of festive season demand for marriage will be a large-scale increase.
Another Pearl jewelry point, although some adjustment of import tariffs, but India's gold import tariffs are very Freshwater pearls low, although increased, still the impact is not great. The adjustment of tariffs is an even greater sense of psychological factors.
Even though India's gold demand has decreased, but the rapidly increasing demand in China this year, a quarter of China's gold demand is rising. To preliminary statistics, China's gold demand is still very large. As long as China's economy remained stable in the latter half of the demand for gold will increase. Moreover, the Indian market itself does not affect gold demand accounted for an absolute position, I believe that the overall volatility will be much affected.
Some people might ask, if the world economic recovery, inflation is not that serious, high price of gold is not investment demand for gold have some impact? This case, the price of gold will fall then?
Although the recent two quarters, the growth in demand for gold mainly from the growth of investment demand, but soon will be growth in jewelry demand. First of all, people need a gold on the high acceptance process. I remember 2007 annuity prices go to 600 U.S. dollars, everyone felt too expensive. But three months later, all will have adapted. Because people still want to buy gold ornaments to embellish their own.
Moreover, the gold production costs are relatively high. Large quantities of gold were mined in South Africa, labor costs are rising, the South African country's currency against the U.S. dollar appreciation, a variety Akoya pearls of factors contribute to the price of gold higher.
If the economic recovery, then the prices of raw materials will also be, is not it will affect Tahitian pearls the price of gold also rose? A characteristic of gold, and other traditional investment products in general there is no correlation, but also different in different inflation down.
Consumers want to see the long-term gold investment value, rather than staring at all times the short-term price fluctuations.
The impact of India's consumer spending is shrinking
We know that India is the first big consumer of gold country, but recently the Indian gold demand and imports have been declining, and in June imports fell by 55%, and recently India will import duty on gold and silver increased to twice the original.
India has long maintained the position of high consumption of gold, especially gold jewelry consumption. Indeed, within a period of time in the past India's gold consumption declined because consumers are very sensitive to the price of gold, many Indians as a disguised form of gold currency to use, so a little bit of volatility can lead to large-scale to stop the sale.
Traditionally, India's gold consumption is not a one-year mid-term season, season or at the end of festive season demand for marriage will be a large-scale increase.
Another Pearl jewelry point, although some adjustment of import tariffs, but India's gold import tariffs are very Freshwater pearls low, although increased, still the impact is not great. The adjustment of tariffs is an even greater sense of psychological factors.
Even though India's gold demand has decreased, but the rapidly increasing demand in China this year, a quarter of China's gold demand is rising. To preliminary statistics, China's gold demand is still very large. As long as China's economy remained stable in the latter half of the demand for gold will increase. Moreover, the Indian market itself does not affect gold demand accounted for an absolute position, I believe that the overall volatility will be much affected.