the purity of the gold doesn't matter when you are adding up all of the pure gold in each item. 11% of the worlds gold would mean 11% of the world pure gold. If you have 1 carrot gold earrings you have 0.000000000001% of the world gold.
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In India, gold jewellery is used as a type of investment of insurance policy. You can flaunt your wealth and then sell it later if you need money without having to rely on more unstable investments (currency inflation, stocks falling, companies failing).
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There was a documentary about India and the gold business there. 3 minutes in is where this fact is stated. http://documentary.net/video/welcome-to-india-survive-on-a-crowded-planet-episode-13/
dark mini0n, you're acting so stupid rn. Time to calm down, shut up, and stop commenting here because this thread is getting real stupid. random_kitty, don't let some random dude make you cry. Click on the "Unfollow Comments" button and enjoy the other new posts and have a laugh. I'm unfollowing too.
As a person whose mother, aunt, and grandma are all Indian housewives, I think this is accurate.
(the sentence sounds really weird when I say it in my head but I can't find a way to rephrase it whOOPS)
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In India, gold jewellery is used as a type of investment of insurance policy. You can flaunt your wealth and then sell it later if you need money without having to rely on more unstable investments (currency inflation, stocks falling, companies failing).
~
There was a documentary about India and the gold business there. 3 minutes in is where this fact is stated. http://documentary.net/video/welcome-to-india-survive-on-a-crowded-planet-episode-13/
(the sentence sounds really weird when I say it in my head but I can't find a way to rephrase it whOOPS)