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<blockquote data-quote="loamer" data-source="post: 48229" data-attributes="member: 981"><p>China and India are big consumers for several reasons. National stock-pile of precious metals. Consumers (jewellery/safe-haven metal). Electronics industry, which consumes lots of gold - every computer, mobile 'phone etc. The rush for gold in China in the past few months was in-part assessed as consumers bringing forward their usual Chinese New year purchases early, due to the price. How many consumers in both countries? 2 billion plus. Makes our little market look quite pale.</p></blockquote><p></p>
[QUOTE="loamer, post: 48229, member: 981"] China and India are big consumers for several reasons. National stock-pile of precious metals. Consumers (jewellery/safe-haven metal). Electronics industry, which consumes lots of gold - every computer, mobile 'phone etc. The rush for gold in China in the past few months was in-part assessed as consumers bringing forward their usual Chinese New year purchases early, due to the price. How many consumers in both countries? 2 billion plus. Makes our little market look quite pale. [/QUOTE]
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