Pundeknadu News #002 - Indian FTs Buying Gold & Sending back Cash..No Money Sinkies?

[cunnosieur]

Hint:

Lots of these Indians and Banglas carry LOTS of cash during payday weekends and remit back to India, Bangali land...

Lots of Indian and Banglas seen at Mustafa and little India buying GOLD with COLD HARD CASH....

<iframe width="640" height="360" src="http://www.youtube.com/embed/Xchc2ezcHXA?feature=player_detailpage" frameborder="0" allowfullscreen></iframe>

 

[The_Hypocrite]

Re: Pundeknadu News #002 - Indian FTs Buying Gold & Sending back Cash..No Money Sinki

with the rupee down..gold is an option for them

 

[watchman8]

Re: Pundeknadu News #002 - Indian FTs Buying Gold & Sending back Cash..No Money Sinki

It will be doubly fun when bulk of Indians convert their wealth into gold and subsequently gold enters another 20 year bear market. It may happen since gold doesn't rust and once dug out of ground, will be around forever.

 

[The_Hypocrite]

Re: Pundeknadu News #002 - Indian FTs Buying Gold & Sending back Cash..No Money Sinki

I think Gold can hold its value as demand is still strong amongst asians. As Jewellery, an industrial metal, and as a hedge against inflation. Do not forget the next USA debt ceiling is coming up again,...that will bring about some uncertainty...but also USA is becoming the world's largest oil producer and they are now exporting natural gas,,so an indian who have money to spare might buy 50% gold, 50% USD...but no matter what,,,if rupee continue to drop,,holding on to gold or USD is better for them,,,

It will be doubly fun when bulk of Indians convert their wealth into gold and subsequently gold enters another 20 year bear market. It may happen since gold doesn't rust and once dug out of ground, will be around forever.

 

[The_Hypocrite]

Re: Pundeknadu News #002 - Indian FTs Buying Gold & Sending back Cash..No Money Sinki

Indian gahmen not limiting access to its ppl buying gold. incredible Indian indeed..

[video=youtube;AXdHzjSxyr8]http://www.youtube.com/watch?v=AXdHzjSxyr8&feature=c4-overview-vl&list=PL4B33D615ACCFBBB1[/video]