"US-based bullion dealers we polled over the past week report 'quiet' conditions and only 'sporadic' telephone call and transaction volumes, with would-be buyers of gold and silver only making an appearance in the wake of substantial rallies and not really buying on the dips," said John Nadler, senior metals analyst with Kitco Metals. Nadler also noted a Reuters report suggesting that India -- the world's largest gold consumer -- could see gold imports fall as much as 35% this year as inflation eases and stocks rally. The Indian government expects gold imports to come in at $38 billion in 2012 compared with an estimated $58 billion this year.
Investors might want to reconsider looking to gold as a safe haven to stash their money. Gold prices have been artificially inflated and the question on everyone's mind is when will the price of gold collapse. There are some key indicators to look for that will lead to the collapse in gold prices. For more information on these indicators, read our Collapse of Gold Report. http://www.rarecoinwholesalers.com/resources
Source: http://www.thestreet.com/story/11428794/1/gold-prices-pause-on-greek-bailout-hangover.html
