India economics. where does the money go?

that doesn't make sense

 

+1

 

Kuwaiti dinar has 3 times more purchasing power than USA dollar. So Kuwait is 3 times richer than USA.

 

Don't bother trying to make sense out of what that guy posts. He has no grip on reality.

 

I understand the logic, but there's a flaw in there somewhere

 

Indians will keep Adding to the Gold consumption - mostly in the retail jewlery. Almost every marraige, even the poorest have traditionally gifted gold as a sign of celebration and mutual friendships. Also, they do not sell Gold until they go Bankrupt. Its more than BLING BLING for Indians.
Considering increasing Population I would say its is a safe bet from that prospective.
Also, due to corruption and BLACK MONEY (lol) they ususally buy gold and stuff security boxes at banks.
*** THERE ARE NO CASH4GOLD*** schemes in India.. coz they will simply wont work. They would not sell what they own.

 

I agree. I posted here so that someone could correct me if I am wrong.

 

One day you will understand my posts and writings. One day you will support me because I know this world and that day is very near.

 

I forgot to write.

2 USA secret service agents said to me "you are intelligent"

 

liked that one....edited via poetic license