appone

Indians Are Selling Gold - Is Their Thinking Right?

And how exctly are the poor being ripped off?
Are the "rich" forcing the "poor" to sell the gold at these record prices?
If your numbers are correct, the "poor" have sold 12.20 tonnes of gold.
If my calculation is correct, that is 392,239 troy ounces of gold. At $950 per troy ounce, the "poor" have received $372,627,000 (rounded).
IMO, the statement about the poor is gratuitous and adds absolutely nothing to this article.