BITCOIN SHADOW ON GOLD’S PROSPECTS $GLD $SLV $BTC.X #GOLD

Due to heavy interest among our subscribers on the impact of bitcoin on gold, excerpts from an article in Business Standard — India’s second largest financial publication, is published below. India is often the largest or the second largest consumer of gold. Developments in India often move gold. Nigam is extensively quoted in the article.
Gold has been in a long phase of consolidation for the past five years, after falling from its all-time high of $1,900 an ounce in September 2011. Silver, too, hit a high of $48.44 an ounce in April 2011, which was very close to its all-time high of $49.45.… Please click here or the title below to read more.
