FINANCE
also as jewelry . China is buying gold , with a 20 percent increase in investment portfolios since 2007 .
Recently , India purchased 900 tons of gold , mostly for jewelry . This is seen as an investment in and of itself , as it can be purchased one year and then sold the next if necessary . India ’ s ownership of gold represents one-fifth of the total world market .
Companies to watch As demand increases , there has been a difficulty for mining companies to keeping up with it .
South Africa produces half the gold it did in 1998 . While China and Russia have gold production , they both lack the quality of gold that South Africa once had , and the the resources to mine it as efficiently . No matter the cause , the fact remains that gold production has dropped by four percent worldwide since 2004 , at a time when the desire for gold has grown exponentially . Given this new demand , plus the push to invest in gold , these are three companies with stocks to keep an eye on in the coming months .
18 April 2016