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 Pan American Metals of Miami says Indian Households Own Over $950 Billion in Gold- Pan American Metals of Miami says Indian Households Own Over $950 Billion in Gold
- December 05, 2011
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India is world's largest consumer of gold.
MIAMI, FL - In case you were wondering where all the people buying gold come from, a significant number of them will likely be private investors in India. Indian households together own more than $950 billion worth of gold, equivalent to approximately 50% of that country's GDP. And the Indian consumers are continuing to buy, not sell. In Indian culture, the appeal of gold is deeply rooted while selling gold carries a stigma, so that Indians will be highly reluctant to sell, even if they encounte...
- View more at: http://www.1888pressrelease.com/pan-american-metals-of-miami-says-indian-households-own-over-pr-355869.html
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