MacroVoices #378 Ronnie Stoeferle: In Gold We Trust - Showdown
Macro Voices
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The Importance of Emerging Markets in the Gold World
China and India are quite significant gold producers, China and Russia being now the top two producers. 50% of all consumer demand is coming from China and from India. If you have a look at what India imported over the last 20 years, they imported 31,000 tons of gold. That's more than the 27 top central bank gold holders in the world.
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