Why Countries,Organizations And High-Net-Worth Individuals Are Buying Gold Like Crazy

China and India are buying gold like crazy. They consumed 52% of the world's gold in 2010. And in 2011, increases in demand from China and India have driven a 7.5 percent increase in demand for gold jewelry during the first half of the year, despite a 25 percent increase in the price.
 Additionally, a recent cable was leaked by the infamous WikiLeaks website, which revealed the REAL reason behind China's increasing demand... it showed that China's intent is to make major gold purchases for the sole purpose of weakening the U.S. dollar.Below is a leaked report from Wikileaks cable:

"The U.S. and Europe have always suppressed the rising price of gold. They intend to weaken gold's function as an international reserve currency.They don't want to see other countries turning to gold reserves instead of the U.S. dollar or Euro. Therefore, suppressing the price of gold is very beneficial for the U.S. in maintaining the U.S. dollar's role as the international reserve currency. China's increased gold reserves will thus act as a model and lead other countries towards reserving more gold."
- Leaked Wikileaks Cable.

 I n the gold rush,high net worth individuals and other inflation-conscious persons are not left out in in this gold rush.Michael Avery,a core investor at Waddell And Reed which has over $3.3 billion in gold investment said:
"In 5,000 years of human history, gold has been the currency of choice, the store of value, when humans have called into question their governments' efforts to solve problems by running printing presses and injecting money into the economy.''
You May Like To View Gold Price Chart Here

Investing In Gold And Silver: What Investors say

Thomas Kaplan(Over $2 billion invested in gold)

"People view gold as emotional, but when they demythologize it, when they look at it for what it is and the opportunity it represents, they're going to say, "We really should own some of that.' The question will then change to "Where do we get the gold?"-Thomas Kaplan

John Paulson(More than $4.6 billion invested in gold)

 "I view gold as a currency, not a commodity. It's importance as a currency will continue to increase as the major central banks around the 
 world continue to print money."-John Paulson




 "

David Einhorn(Over$560Million invested in gold alone)

"Gold is the money of choice and we would like to have a meaningful amount of our assets denominated in gold. It's the biggest position in the fund"... "It's the one kind of money Bernanke can't print more of."-Einhorn

Jim Rogers(Net worth over $300 Million)

 "Gold will be the great investment over the next decade."-Jim Rogers

M.G.George Muthoot(Net worth;$1.1 Billion)

 "If this business was as easy as it sounds, all my branch managers would be setting up their own gold loan companies."-M.G.George Muthhot

Eike Batista(Net worth of $30 Billion)

"There is a massive shifting of wealth to new economic powers.-Eike Batista

George Soros(Net worth of $22 Billion)

"The U.S. dollar is very weak. Investors are moving to real assets.-George Soros

Paul Tudor Jones(Net worth of $3.3 Billion)

"I have never been a gold bug, it is just an asset that, like everything else in life, has its time and place. And that time is now."-Paul Tudor Jones

Marc Stern ($550 Million of Bessemer Trust in Gold)

 "At the core of the sharp downturn is an absence of confidence. Rising debt levels in Europe and the U.S., uncertainty about policymakers' willingness to restore fiscal order, and increasingly cautious corporate sentiment that is consistent with slowing global growth are the chief culprits."-Marc Stern

Michael Avery ($3.3 Billion of Waddel and Reed Fund in Gold)

 "In 5,000 years of human history, gold has been the currency of choice, the store of value, when humans have called into question their governments' efforts to solve problems by running printing presses and injecting money into the economy."-Michael Avery

Eric Mindich (Over $800Million invested in Gold)

"Gold is poised to complete its 11th consecutive annual gain, the longest winning streak in at least nine decades, on the brink of a bear market."-Eric Mindich



 

Mikhail Prokhorov 

(Over $6 Billion invested in Gold)

"We're looking now at what the world financial system is going to do with all this money that was printed during the financial crisis, if there's continued inflation, we'll see a global trend for raw materials and gold is not an exception. I'm optimistic that the gold price will stay at the same price or higher."--Mikhail Prokhorov

 

Carlos Slim (world's richest man net worth $55 Billion)

"We're looking now at what the world financial system is going to do with all this money that was printed during the financial crisis, if there's continued inflation, we'll see a global trend for raw materials and gold is not an exception. I'm optimistic that the gold price will stay at the same price or higher."--Carlos Slim,World's richest man

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