Tuesday, September 7, 2010

Pent-up gold demand in India to be unleashed when the rupee turns?

From Mineweb: India is one of the most important fulcrums for the physical gold market world-wide. The metal has religious significance to the Hindu population in particular, and over 60% of the Indian population is in the rural community. As a result, although the country continues rapidly to industrialise, meaning that gold has competition for disposable income and the leisure dollar, the metal's prime position as a hedge against risk - or a just a simple, solid investment - remains solid, with farmers still buying gold both as an investment and as a form of wealth.....read on

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