India gold rush
It is known that India is very rich in gold and it is known that every Hindu girl, when married, receives from her parents important golden quantities, such as jewelry , coins, medals, frills and even raw bullion.
The more the family can endow her with more gold, the more her future wife will be more valued by her husband, her family, and the whole of society.
In her turn, she keeps the gold intact and complements the collection with what young spouses are doing in their lives, from their own work, to endow their future children.
Under these circumstances, it has been calculated that the gold owned by housewives in India now amounts to no less than 18,000 tons, which represents 11% of the world’s gold reserves – notes Factroom.
Valorically, most of the gold wealth in Indian households amounts to $ 329 billion and consists of noble metal as such and only an almost negligible fraction in foreign currency.
Thus, India has become the largest gold consumer in the world. Long, second place, is China.
Gold has been integrated for centuries in India’s culture and traditions, and even today, when in the hands of Europeans it has lost its sense of the old-fashioned social status of families and people, gold continues to be the main criterion that society values the wealth of its members them.
As a result, even in the face of the toughest attempts they make in their lives, the Indians do not try to cope with the situation by capitalizing on the wealth of the family embodied in precious metal.
According to secular moral principles observed to this day, it is a great shame not to keep your golden treasure and to pass it on to all of your descendants.
