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Why Gold is Going Higher

A new Bullion Buzz newsletter is out and one of the articles focuses on 'Why Gold is Going Higher. Author David Galland makes the case that not only are China's citizens buying regularly, but many others are catching on too. Here is an excerpt: "In fact, Chinese investors are snapping up gold bars and coins, buying more than ever before in the first quarter of 2011 and overtaking Indian buyers as the world's biggest purchasers of the metal. China's investment demand for gold more than doubled to 90.9 tonnes in the first three months of this year, outpacing India's modest rise to 85.6 tonnes. China now accounts for 25% of gold investment demand, compared with India's 23%."

Sadly, many people will sit on the sidelines until the market has topped out and has the highest risk. If you are still waiting to buy gold…there may not be a better time than right now. And dollar cost averaging is not a great way to go historically. Just put in your full allocation now, in one lump.

For the full article and more go to Bullion Buzz.

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