4 thoughts on “Indian gold holding the world is the number one in the world, why is it the burden on the government?”
Wilfred
India's gold holding is the world's first, but it has become the burden of their government. This is mainly because the Indians have a large demand for gold, which has caused a relatively large consumption to their foreign exchange reserves, and it becomes a burden after a long time.
Generally speaking, gold reserves are official reserves. Therefore, many people are keen to speculate in gold. With a little spare money, they will buy gold as investment, so many families have many gold jewelry, as well as gold bars. With accumulation, the number of gold reserves in the folk has far exceeded the country's gold reserves. When it comes to India, the first thing many people think of is that India is a poor country, but it is such a country. Their gold holds. The quantity is the world's number one. Don't look at India's poor, but Indian women like to wear gold and silver. India is not rich in gold, but they are one of the main consumers of gold. According to the data released by the World Gold Association, Indian folk gold holds The amount has exceeded the sum of the holdings of several other countries.
The reason why this situation is mainly because of cultural beliefs. When we watch some Indian -themed film and television works, we often watch There are a lot of gold jewelry to India women. Such a big gold consumption will definitely affect the price of gold. In order to meet the demand for gold, the government has no way to use the country's foreign exchange reserves. However There are other products that will have a great impact, so gold consumption has become a burden on India. Because their demand for gold is relatively large, but the export volume cannot keep up, so there is a shortage of supply.
relative comparison, India's gold price is relatively cheap, but in terms of quality Big difference. Whether in purity or craftsmanship, it is incomparable with domestic gold, so even if the price of gold in India is cheap, no one goes to India to gold.
Gold holding is not actually the government's holding, but the gold in the hands of the Indian people. Because India's mining of gold is far from being kept on the needs of nationals, the golden backlog in the people in the hands of the people cannot be sold. burden.
Because this is mainly related to Indian customs and habits, Indian people love gold alone. Although their gold holding is the world's number one, their gold output is not high.
Because the concept of gold holdings and gold reserves is different, the more holdings, the more the government needs to use more foreign exchange to meet the demand for private gold consumption.
India's gold holding is the world's first, but it has become the burden of their government. This is mainly because the Indians have a large demand for gold, which has caused a relatively large consumption to their foreign exchange reserves, and it becomes a burden after a long time.
Generally speaking, gold reserves are official reserves. Therefore, many people are keen to speculate in gold. With a little spare money, they will buy gold as investment, so many families have many gold jewelry, as well as gold bars. With accumulation, the number of gold reserves in the folk has far exceeded the country's gold reserves. When it comes to India, the first thing many people think of is that India is a poor country, but it is such a country. Their gold holds. The quantity is the world's number one. Don't look at India's poor, but Indian women like to wear gold and silver. India is not rich in gold, but they are one of the main consumers of gold. According to the data released by the World Gold Association, Indian folk gold holds The amount has exceeded the sum of the holdings of several other countries.
The reason why this situation is mainly because of cultural beliefs. When we watch some Indian -themed film and television works, we often watch There are a lot of gold jewelry to India women. Such a big gold consumption will definitely affect the price of gold. In order to meet the demand for gold, the government has no way to use the country's foreign exchange reserves. However There are other products that will have a great impact, so gold consumption has become a burden on India. Because their demand for gold is relatively large, but the export volume cannot keep up, so there is a shortage of supply.
relative comparison, India's gold price is relatively cheap, but in terms of quality Big difference. Whether in purity or craftsmanship, it is incomparable with domestic gold, so even if the price of gold in India is cheap, no one goes to India to gold.
Gold holding is not actually the government's holding, but the gold in the hands of the Indian people. Because India's mining of gold is far from being kept on the needs of nationals, the golden backlog in the people in the hands of the people cannot be sold. burden.
Because this is mainly related to Indian customs and habits, Indian people love gold alone. Although their gold holding is the world's number one, their gold output is not high.
Because the concept of gold holdings and gold reserves is different, the more holdings, the more the government needs to use more foreign exchange to meet the demand for private gold consumption.