This Blog Is Only For Members Of Apsense!




I keep the APSense Banner up for one reason,
Wincer Song, Founder, Owner and friend of mine.
Great Social Business Media Site, loved it and still do.

Since September 15th, 2007. The day I join and still active today!

Karatbars International is what l will focus "ON"

"One Member at a time"

"ONE GRAM AT A TIME"


"NETWORKING IS A CONTACT SPORT"
Showing posts with label bullion gold in India. Show all posts
Showing posts with label bullion gold in India. Show all posts

Tuesday, August 13, 2013

Will China over take India as the world consumer of gold

August 13, 2013

China's activity with its consumption of gold in the first six months of this year increased and they should overtake India as world leaders in the use of gold, within a very short period.

They have consumed approximately 706 tons of gold in the first half of this year (2013) an increase of nearly 54 percent from a year ago.

If we review the consumption of gold for all of 2012, China will import approximately just over 832 tons for that whole year and just over 420 tons approximately at the same time last year, end of July 2012.

China took advantage of gold's biggest two-day fall in over 30 years when gold dropped under $1,200 in June. China purchased more gold than any other country and were consistent buyers.

China could actually consume more than 1,000 tons by year end and overtake India as the world leaders of consumption of gold, according to World Gold Council.

Some experts feel that China will eventually hit the 2,000 tons per year by the year 2016, which would work out to approximately 80% of the world global gold supply.

What effect would this have on the price of gold, too early to say but my dollar would be that gold currently is at a bargain rate for investors?

India has recently risen their import duty to 8 per cent from 6 per cent on June 5, along with central banks placing curbs on shipments on a consignment basis and limited shipments for local consumption against cash. This certainly has had an effect on their imports of gold from last year.

India is currently the largest and most important country in the world when it comes to gold. They are they largest holders of gold in the world, gold is estimated to make up approximately 7 percent of all Indians household savings, at the moment India is the largest consumer of gold in the world.

A tradition in India that has been around for hundreds of years, Indians have always relied on gold for savings, along with a payment from the bride's family to the groom's family upon marriage and it is traditionally made in gold.

India's love for gold is almost like a religion that goes back thousands of years, a tradition that is more than likely to never disappear from their culture.

Is China succeeding with their marketing gold plan  


All the Best,

Joseph F. Botelho One Gram at a Time

Joseph Botelho


Welcome To One Gram at a Time

Thank you for taking the time to understanding the "One Gram at a Time Page," it has other meanings, other then the...

Posted by One Gram at a Time on Thursday, February 4, 2016

Watch This Short Presentation

Create your "Free Account Now!!
Secure Your Future with Karatbars, because the Future is Happening Now!
SUBSCRIBE TO MY YOU TUBE CHANNEL

GenF20™ Look Younger, Feel Younger, Stay Younger With HGH

It's a clear winner in the anti-aging market space where there are imposters abound; GenF20™ stands out not only because it's doctor endorsed -- but because it's enthusiastically recommended by clients. As you age, your HGH (human growth hormone) levels begin to drop off.

Digestive Science Intensive Colon Cleanse

These are important points. Consumers want the dramatic health benefits and results of a comprehensive colon cleanse. And indeed, those results are numerous and far-reaching. They include: less fat storage reduced constipation and diarrhea boosted metabolism more energy skin that glows

Accelerate Your NATURAL Collagen Production In Just 84 Days

Increase your skin's natural production of collagen. Reduce the appearance of even the deepest lines and wrinkles. Firm and tone the skin for a more youthful appearance. Moisturize and hydrate the skin. Help repair damage including age spots and sun damage.

Chlorogen 800 is an EASY Way to Burn Fat and Get Lean!

About 60% of Americans are overweight or obese. It's a good bet that many, if not most of them want to lose weight but that's easier said than done

Virility Pills VP-RX™

Damiana and Tribulus have been used for thousands of years by the Mayans and Europeans respectively to increase libido and treat erectile dysfunction, while Bioperine has been clinically proven to safely increase the absorption rates of the nutrients that it's combined with.

How to Save Money with Your Repair Bills

Re-tweet "OUR LATEST" tweet