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<p>[QUOTE="GoldFinger1969, post: 4714804, member: 73489"]My point was that rising disposable incomes will lead to more gold buying and that's been true in recent years.</p><p><br /></p><p>You had many poor people who couldn't afford to buy gold who will have that ability in the future.</p><p><br /></p><p>There is lots of potential gold buyers among RURAL residents of these countries, not the big city or foreign workers.</p><p><br /></p><p>I'm not saying that gold is going to the moon because foreign poor people will suddenly start buying gold. But unlike in the U.S. and other countries, these countries DO have a culture of buying gold (as you quite accurately noted) and I believe that with 3 billion people between China and India that there's alot more pent-up demand for it.</p><p><br /></p><p>I also think that other regions and countries will hope on the train, too.</p><p><br /></p><p>If gold is going to $15,000 -- not a prediction, just a thought -- then you won't care if you bought it at $2K or $3K an ounce.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie33" alt=":cigar:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 4714804, member: 73489"]My point was that rising disposable incomes will lead to more gold buying and that's been true in recent years. You had many poor people who couldn't afford to buy gold who will have that ability in the future. There is lots of potential gold buyers among RURAL residents of these countries, not the big city or foreign workers. I'm not saying that gold is going to the moon because foreign poor people will suddenly start buying gold. But unlike in the U.S. and other countries, these countries DO have a culture of buying gold (as you quite accurately noted) and I believe that with 3 billion people between China and India that there's alot more pent-up demand for it. I also think that other regions and countries will hope on the train, too. If gold is going to $15,000 -- not a prediction, just a thought -- then you won't care if you bought it at $2K or $3K an ounce.:cigar:[/QUOTE]
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