[fso301]

For all the gold bugs out there, consider the hot economies in India and China. There are roughly 2 billion people in those two nations. In hot economies, jewelry sales tend to do well.

How much of current gold demand is being caused by Indians and Chinese spending their new money on jewelry?

[Travis McGee]

"Jewlry?" You mean, like cubic zirconium trinket?

You are talking about GOLD, are you not?

Are you aware that Russia just announced it is doubling its gold holdings? Or that China is encouraging its citizens to buy gold, and not only as jewelry?

Do you really think that Gold closed at $503 today, because more Indians are buying gold jewelry today?