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.''
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