At around $1,200 per ounce as of May 19, gold has remained relatively steady over the last year and a half. Buying in physical gold markets has helped prevent further slides.
India in particular has been a major purchaser of physical gold. In 2009, the Indian government made headlines by purchasing 200 tons of gold from the IMF1 and Indian savers have been major buyers of gold on international markets.
Jayant Bhandari emigrated from India at age 36. Since then, he has kept a close eye on India’s economy and markets.
Earlier this year, he made a prescient call in Sprott’s Thoughts that the Indian stock market was likely to come down.
What is Jayant’s take on India’s demand for gold, and what does it mean for us?
Jayant sees gold becoming much more important in North America and Europe going forward, mirroring its role in India’s troubled economy.
Have you prepared a short list of stocks that you want to acquire when the time comes?
Our list totals about 20 stocks at the moment which we hope to get down to a dozen or so.
Is the bottom really in?
Could there be a final capitulation just ahead of us?
Have you plenty of cash to take advantage of the coming bargain prices?
If you would like to know which stocks we are buying and selling please join us at ‘Stock Trader’ our premium investment service.
Subscribe for 12 months with recurring billing - $199
Buy 12 months of subscription time - $199
If you are new to investment in the precious metals sector then you can subscribe of our FREE newsletters regarding gold stocks, silver stocks and uranium stocks, just click on the links and enter your email address and we will email you our articles along with other interesting posts.
Please remember to check your spam folder once you have subscribed to ensure that our verification email has not gone astray and you are getting our emails.