International Gold: Why Demand Is Slumping in India [DETAILS]

international gold, gold earth
Written by Mike Hammer

Gold demand slumped 20% in India over 2018 according to a report in India’s Economic Times news outlet.  This isn’t too surprising in light of the decline – some would say collapse – of the rupee last Spring. Any time a currency drops 8% in less than 6 months you can be sure prices for imported products will rise.

Add to that the increases in…

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About the author

Mike Hammer

Mike Hammer has had a wide-ranging career, with trading and investing as continuing themes. Mike graduated with a business degree and spent years as a financial advisor, before moving to New York and to pursue a career in IT and education. For more than a decade Mike has been working with the Adam Mesh Trading Group as a stock market and commodities mentor. He’s trained over 200 individuals, spoken at several national conventions, and is a frequent contributor to educational webinars.

Mike writes The Gold Enthusiast daily newsletter, runs the Golden Hammer trading service, and participates in the Mesh Private Portfolio. He also keeps a position in international education which keeps him in touch with "the student mindset".

Mike focuses on the precious metals markets, the energy industry, and the financial sector. His motto is "Plan your trade, then trade your plan!"

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