Gold is the world’s favourite metal and being an Indian, I have always been brought up with the principle that gold is one such metal the “HAS” to be a part of regular investments.
Gold in one such unique asset in its class, that enjoys a diverse set of loyal buyers. In fact, I wouldn’t be wrong, if I Say that gold has a huge fan following.
In the west, investors want to spread their risk.
In 2013, demand for gold from India hit record levels. and the crash in April saw humongous number of buyers stepping into the market to take advantage of this crash. The situation went so out of control that the government brought down the shutters, hiking import duty to 10% and imposing the “80/20 rule” which forces dealers to re-export 20% of any new shipment before taking delivery.
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