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U.S. Global Investors/Frank Holmes/1-5-2022
“The great gold Love Trade appears to be alive and well, despite gold having a down year in 2021. India, the second largest consumer of the yellow metal after China, reported spending a record $55.7 billion on gold imports last year. That’s more than double the amount from 2020 and surpasses the previous record high of $53.9 billion, set in 2011.”
USAGOLD note: For the gold market, Indian and Chinese demand are foundational and, at this juncture, that foundation is strong.
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