Gold and Chinese Income
Posted on July 27th, 2011
Very interesting correlation between Chinese and Indian income levels and the price of gold.
Is China and India the reason for Gold’s continued price increase? At least contributing to it if not the cause (remember that correlation does not equate with causation).
I think the demand for gold is a factor, which causes me some slight concern due to the bubble that I think China is. India I’m not sure about yet. If the bubble bursts, the demand for and price of gold will decline.
Gold and China – Link
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