The world can pretty much count
on India to buy GOLD even in the midst of a severe economic crisis even at the
cost of everything else! Such is the obsession for gold amongst Indians that
once again the country has emerged as the largest consumer of gold in the third
quarter for the fiscal year of 2008.This at a time when other countries are
saving like squirrels in winter. Not only that India has also registered a near
seventy percent increase in it’s demand for gold this time of year as compared
to last year.
The India Street published Rakesh Jhunjhunwala’s portfolio few months ago. Mukesh Ambani was reported to be the world’s richest person by Indian media. But it was denied immediately by Reliance.
The world can pretty much count
on India to buy GOLD even in the midst of a severe economic crisis even at the
cost of everything else! Such is the obsession for gold amongst Indians that
once again the country has emerged as the largest consumer of gold in the third
quarter for the fiscal year of 2008.This at a time when other countries are
saving like squirrels in winter. Not only that India has also registered a near
seventy percent increase in it’s demand for gold this time of year as compared
to last year. 
