Indian's Black money in Swiss banks
  • vj_episteme
  • sivaram_sk
    Interesting details. But I guess the money is kind of gone one for
    india. The fact that most of the money are illegal, who would come
    forward to declare it? Thinking back, the movie Shivaji had a real
    point about black money.
  • sps10142004
    Dear Vijay,

    Very interesting to know of.

    And 2006 price level was very ordinary compared to the 13.2
    inflation level in Sept 2008 !

    In 2006, Gold was sold at almost 700 - 800 rs / gm whereas in Sept
    it was almost 1200 and today 1400 / gm !

    The 1.4 Trillion would have BULGED to easily 2.0 Trillion by Gold
    price hike alone !!

    And Stock markets peaked during 2007 - 2008 !

    thanks for posting.

    anbudan / sps
  • snandaakumar
    Rate of raise in gold prices is kind of inversely proportional to the rate of rise in the world stock markets. :(
     
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