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IIRC India has a huge cultural preference for storing wealth in gold. Indian banks probably have to pay high rates to attract capital.
by anonuser123456 8y ago
IIRC India has a huge cultural preference for storing wealth in gold. Indian banks probably have to pay high rates to attract capital.
- A2017U1 8y agoGetting 7% isn't that hard in other parts of the developing world that don't have a preference for gold. It hurts a bit seeing a saving account that has better performance than my risky equities investments.
- NTDF9 8y agoBut those currencies devalue a lot, devalue often. You are making wealth by storing USD cash. Maybe GBP not so much after brexit.