Moore Gold products are currently divided into three categories: Gold and Silver jewellery, Gold and Silver gifts, Gold and Silver investment. Combined with offline high-quality supply chain resources, direct source, avoiding price increases, allowing consumers to buy cheaper gold and silver goods.
India’s obsession with gold is well known around the world. To most Western commentators, this obsession seems irrational, and Indian people seem like incurable gold bugs.
However, on closer examination, gold ownership in India is neither excessive nor irrational. In fact, when religious, cultural, and historical perspectives are considered, India’s appetite for gold seems rather matter of fact indeed. Nonetheless, it is not lost on any Indian worth his or her salt that gold is the asset that best protects wealth and freedom.
India’s Per Capita Gold Holdings
India’s private gold ownership is difficult to determine accurately. However, several websites, such as Gold Eagle, estimate the total private gold holdings to be about 15,000 metric tons. Compared to that figure, the Indian government owns a negligible 360 metric tons of gold.
Given that total gold mined in history is about 160,000 metric tons, India’s stake then amounts to 9.6 percent of the world’s total gold stock. In contrast, India accounts for just over 17 percent of the world’s population. Therefore, India’s large gold ownership is just a function of its large population, and its per capita gold ownership is well below average.
However, there can be no doubting Indians’ desire to own this metal. Demand from India consumes some 20–25 percent of the world’s annual gold output.
Religious and Cultural Reasons For Gold Ownership
Much of this desire to acquire gold dates back to the Bronze Age Indus Valley civilization, in which people wore gold jewelry almost 4,000 years ago.
Gold has a rich tradition in the Hindu epics, the Ramayana and the Mahabharata. It was associated with the pomp and splendor of the gods and kings who appear in these mythological stories. The Ramayana, the earlier of the two epics, can be traced back to around 900 BC, so gold had risen above all other commodities to be associated with power, prestige, and wealth even back then.
About the company:
Moore Gold Shouldering the brand mission of “More gold for you”, with gold and silver products as the core, we create a “high-quality, new fashion” lifestyle for modern people. Encourage everyone to be brave in pursuing the goods, showing the world a beautiful and lovely, fashionable, and sincere brand.