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Indian black money lords investing in gold , find it safe - ABN

Sat, Nov 15, 2014, 04:07 PM
Last two consecutive months, India witnessed high surge of Gold imports. Gold imports may have soared nearly six-fold in October to 148 tonnes coming on top of 39 percent growth in September. This could also account to a new possibility that incremental black money generated in India may be moving towards gold once more. With Swiss bank accounts under siege, keeping a million dollars in gold is both safer and easier. A million dollar is 25 kg of gold. Watch this special focus for other reasons of Indians' love for gold.
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