So let's do a few simple sums. The present population of China amounts to 1.32 billion people of all ages. Suppose everyone buys 1 gramme of gold in 2010 - 1 gramme not one ounce- it would take 1,750 tonnes of gold off the market and that is more than half the world's annual
production. Do the same sum for India which has a population of 1.15 billion and rising, just like China, and total production is accounted for.

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Jim.