Indian Gold-Loan Volume Explodes Amid Banking Sector Credit Crisis
Amid the credit crunch, Indians pawning gold for fiat.
Amid the credit crunch, Indians pawning gold for fiat.
From BullionStar.com on Zerohedge Smuggling gold to India and Japan has become a lucrative business for many dealers and middlemen across Asia. It is widely known that demand for physical gold by Asian populations is insatiable. From the estimated 25,000 tonnes of gold held by India’s population to the more than 20,000 tonnes of gold calculated to be held […]