India bar, coin demand picks up during Q3: WGC
“The picture was similar elsewhere in Asia. A fall in the gold price, tumbling equity markets and depreciating currencies in Vietnam, Thailand, Indonesia and Malaysia boosted bar and coin demand. But other country specific factors were in play.”
USAGOLD note: We suspected and noted in the past that this would be the case. The trend, in our view, is likely to continue long after this latest emerging market crisis finds resolution.