Quote Originally Posted by Nevl View Post
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
I know even mid-class Indian parents buy their daughters 10-15kilo of gold each which the daughters then pass on to their daughters which they pass-on an when a grandmother dies her gold is then passed on to family

unlike western cutures which would buy their daughters a car or cash etc