Discussing the World Gold Council's Q2 gold demand trends report and a look at where gold may go from here, with Marcus Grubb, The World Gold Council "it is at a new high. we released a new report with a strong high. we saw a very strong performance from India and China, strong jewelry demand as well in the second quarter. we don't believe gold is in a bubble."
"absolutely. you have seen strong bar demand and join demand up about 13%. largely that's been in india and china this time around. partly on the back of high inflation figures in both of those countries. also, i think -- demand for physical gold. to hold physical gold in the difficult economic times in western countries. in particular in Europe and united states."