LONDON, 17 February 2011 - Comment and analysis from BullionVault head of research Adrian Ash is republished today in a bylined article at MineWeb, the highly-respected and closely-followed South African mining-industry website.
"Not to be left behind in the global gold demand sector, India has comfortably outdone the exceptional gold demand seen from China in 2010," MineWeb says, introducing Adrian's article.
"You've got to go a long way to over-state the strength of physical gold demand in 2010," he explains, highlighting latest data from market-development group - and BullionVault shareholder - the World Gold Council.
The Dollar price of gold rose 26% in 2010. But total global demand still grew 9% by volume, hitting its highest tonnage since the long bear market of the 1980s and '90s hit rock-bottom in 2000.
Across the emerging economies of Asia, "Rising inflation and sub-zero real rates of interest are setting the pace, just as they did during gold's developed-world bull market of the 1970s," writes Adrian. "Productivity and real wages are rising, however, in sharp contrast to the economic path the rich West took four decades ago."
Looking ahead, "Asia's deep love of gold - and ever-deepening pockets - suggest a different path, perhaps, from the post-bubble slump which gold prices suffered amid the record-high interest rates paid to cash savers to defeat Western inflation at the start of the '80s."
You can read BullionVault's full analysis at MineWeb here.
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