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Politics : Ask Michael Burke

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To: BGR who wrote (96975)	7/24/2002 5:55:03 PM
From: Simba	Read Replies (2) of 132070

BGR: May not be that bad. In Indian currency Gold has done fairly well. In 1989, 13 rupees made 1$. Now it is around 49 rupees/$. The average price of gold in USD is around $330 the past 10 years. In rupees the gold price has nearly quadrupled in 10 years, not bad. It is another matter if your family could invest their rupees in the US stock market. But I thought India allows only limited conversion of rupees for foreign investment. The indian stock market has gone nowhere in rupees in the past decade and so they could not lost investing there. Simba

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