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<p>[QUOTE=&quot;medoraman, post: 1561913, member: 26302&quot;]All what is said about gold in India and SE asia is true, yet the other side is not being discussed. There is also a great flood of gold being SOLD after such festivals. </p><p><br /></p><p>Buying gold is many times a cultural affair, with people scraping up as much cash as possible to be seen in the public light as favorably as possible, giving as much gold as they are physically able, just to quietly sell that gold to pay bills a few days later.</p><p><br /></p><p>I would characterize gold buyers in western countries as long term holders, whereas in eastern countries they are more temporary holdings in many cases. I am not discounting the fact India and SE Asia are large importers of gold, just cautioning that spot demand before wedding season or before a large festival is not true long term demand, much of it is short term, (less than a week). After my wedding in Thailand I was asked how much of the gold I bought for her were we going to sell back. When I said we were just going to keep it I got a couple of strange looks.[/QUOTE]</p><p><br /></p>

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