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Politics : Stockman Scott's Political Debate Porch
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To: Jim Willie CB who wrote (2742)7/20/2002 2:28:36 PM
From: abuelita  Read Replies (2) of 89467
 
jim - maybe it doesn't have as much
to do with the monsoon as it does with
the price.

nationalpost.com{B2C8254D-4614-4B09-A0F6-72AFFB8E469E}

In other parts of the world, such as India, consumers rush to buy when gold is cheap, and rush to sell when the price starts to rise.

"Indians treat gold as a store of value. A woman's wealth is in her jewellery," says Michael Barlerin from the World Gold Council in New York.

Demand for gold in India dropped 40% year over year in the first quarter when the gold price shot up in February.
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