This very interesting article describes the reason why Indians do buy physical Gold and makes one understand why India is the biggest physical gold buyer market. Even with the trend of westernizing, Indians still do buy gold. As more and more Indians get wealthier I believe that the physical demand of Gold out of India will increase over the coming years.
Please read article on below webpage
www.lbma.org.uk/publications/alchemist/alch46_indianfestivals.pdf
To access, please copy obove address, paste the address to a website and add pdf at the end of the address, before accessing (sorry for the complicated procedure but somehow, as it is a pdf file, my post did not accept the address with the necessary pdf at the end)
Wednesday, May 23, 2007
Subscribe to:
Posts (Atom)