Gold Bottom Is In! India Now In A Gold Buying FRENZY!

[mamboni]

i wonder what percentage of the Indian population 'stacks'. sounds like it might be more than in the US.

they stack in the form of jewelry, but stacking is stacking.


the rate things are going, maybe someday Americans will 'man' call centers for Indian consumers. they seem to have more common sense about money.

It's a class-dependent phenomenon. The middle class can afford to buy gold for a wedding - it's obligatory. The middle class is small compared to the west. But India is growing wealthier every year and the middle class will only grow in size and means. Considering it's population is four times the USA, this is incredibly bullish for gold.