Monday, August 17, 2009

'Gold'en investment

Sub Prime Resolved
Anil Selarka
( )

Go for gold

India buys 800 tonnes of gold every year (33 per cent of fresh production) whereas ‘the dumb central bankers around the world have been selling this precious metal for over two decades,’ says Anil Selarka in Sub Prime Resolved. He computes the cumulative gold held by Indian households at over 20,000 tonnes, valued at $611 billions, or nearly 8 years of global annual gold production.


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