All over India, Thailand and Indonesia people have started to buy actual gold bars.
Jewelers all across Asia have started a gold bar rush and people from India are trying to purchase as much gold as they can as wedding season begins in April.
Jewelers from Indonesia and Thailand have also started to buy gold and as of recently, Hong Kong consumers from the electronics sector returned to the market.
Thailand is said to be the "hottest buyer".
As the wedding season is starting in April, jewelers are starting to stock up weeks before the celebrations.
It is a traditional and common gift in India during the religious events to give golden jewelry.
Dealers from Singapore actually say that they are starting to run out of gold bars as there is not enough time to replenish the stocks.
They usually get their supplies from refiners in Switzerland.
The dealers say that the demand in Asia has been quite strong in this period especially now that the Easter holiday is coming.
This means that the Swiss refineries will be closed for a couple of days.
Hong Kong dealers say that they are receiving orders from jewelers and also from the industrial sector.
The orders have actually increased after the Chinese New Year.
Gold attracts investors even more in these times of little financial certainty.
It is well known that in times of inflation, investing in gold is the best thing one could do.
Purchasing some gold is a good way to secure all or part of your savings.
The Chinese, the Indians and people all over the world are now interested in building their own gold bullion.
This is because gold has proved over the passing of time that it is a serious investment that will not disappoint.
So if you are interested in investing in gold you should do it right now.
previous post