Growing Asia Demand can Drive Precious Metal Prices Up

PHOENIX - June 7, 2013 - PRLog -- For better or worse, the prices of gold and silver (which are both currently experiencing low periods) are generally driven by the western markets. However, that may soon change, thanks to dramatic increases in demand from Asia. This potential change may help investors by adding value to owned gold and silver, but may also soon drive up the price for physical gold and silver.

The World Gold Council recently released information indicating a recent gold demand surge in Asia, on the heels of the dropping prices seen over the past few months. The report also demonstrates which two countries are currently buying the most physical gold: India and China.

Specifically, in India, gold imports increased to nearly 400 tons in Q2 alone, which is roughly half as much as the total gold imported in all of 2012. China is experiencing similar import growth numbers, importing 170 tons of gold in April alone.

Eventually (and more likely sooner rather than later), this increasing demand and importing of physical precious metals into Asia will influence the price of silver and gold more significantly than these countries do today. Furthermore, consumers in China, India, and the Middle East are not investing in the US markets for gold and silver EFTs. Instead, they are purchasing physical gold.

As the demand for physical gold and silver (http://www.goldandsilveronline.com/t/IRA/1) increases globally, and the supply of physical gold and silver becomes reduced over time, the price for physical precious metals will very likely increase as well.

What does this mean for you, and for the rest of the world? Well, if you already own physical gold or silver, the increase in demand from Asia and other parts of the world will eventually help add value to your current investment. This is because physical precious metals are finite, so as more supply becomes owned and unavailable, the precious metals you own become more valuable to potential investors or buyers.

If you do not yet own physical gold or silver, or are considering investing but unsure of when the right time is, then the increasing demand from Asia will likely cause physical precious metal prices to increase. At the rate demand is growing, this increase will likely come sooner rather than later. Therefore, you should consider making your investment in the near future, before the prices begin to reflect the global demand.

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