What to ignore regarding gold

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From Karen Maley:

…report from the World Gold Council, drew attention to the world’s diminishing appetite for the precious metal.

According to the report from the industry body, global demand for gold plunged 12 per cent in the second quarter to its lowest level in six years on waning demand from the world’s two largest buyers – China and India – who together account for about half of global gold consumption.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.