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Strategies & Market Trends : Asia Forum

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To: Mohan Marette who wrote (2301)	2/20/1998 3:32:00 PM
From: Worswick	Read Replies (1) of 9980

Mohan interesting stories. The answer you sought for: I suppose that gold is cheaper in the gulf. You fly it to India, pay the courier, pay the tax and you are stil ahead. With the price of gold going down people can now get more gold for less money. For years India had gold prices 2x -3x the world price so there was an active gold smuggling operation out of the gulf. Now, with prices more in line with international prices the "money of last resort" in India is still gold and it is still widely sought after. The barbaric relic thrives. Personally, I've lost a young fortune on gold and all the Indian brides can have it. As for diamonds I think it is just great that all the Indian miner/peasants attack the crooked bureacrats that want to take their livelyhood away.

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