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Thread: GOLD

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  1. #10
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    Join Date
    Nov 2001
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    Te Puke, , New Zealand.
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    Quote Originally Posted by Bilo View Post
    Nevl somewhere in my archives there is a report on gold useage. India has a huge gold processing industry, jewlery and stuff.
    Yep just checking on the interent. It seems that about 80% of gold consumption is for Jewelery. But a lot of that Jewelery is just another way of storing gold as anyone who has being to the middle east has seen in the gold markets. The gold is processed and then buried or put into a jewerly box or kept in another bank vault
    Last edited by Nevl; 11-11-2009 at 12:14 PM. Reason: Errors in estimates

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