Last week Reuters broke the story how Indian physical gold demand had surged 471% in March compared to a year ago. Exclusive: India's March gold imports surge 471% to a record 160 T - government source https://mobile.reuters.com/article/am...?EUR<
Now in the last few weeks, Reuters is also reporting that Switzerland in February sent gold to mainland China for the first time since September and shipments to India and Thailand rose to multi-year highs, suggesting that demand for bullion in Asia is recovering.
Story: Asian gold demand rebounding as Swiss exports to India surge https://www.reuters.com/article/swiss...
Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason's work at his blog website at www.jasonburack.com.