Tag: wealth effect of gold

Its Gold to the rescue

World Gold Council estimates that India owns almost twenty-five thousand tonnes of Gold. This perhaps represents the largest stock of gold on earth and translates to thirteen percent of the total gold mined since the beginning of civilisation (Read more about the same here). In “fiat currency” terms the value of this gold stock equals USD 1.55 trillion i.e. more than 50% of India’s GDP. This equates to eighty percent of the total market capitalisation of all listed entities on […]

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