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Economy

India's hidden gold reserve is in women's jewelry boxes

HERE’S THE INTERESTING PART

Forget Fort Knox; the real global gold reserve is sitting in the jewelry boxes of South Asian aunties. Due to historic mistrust of banks and cultural traditions around weddings, Indian women collectively own an estimated 21,000 tons of gold. It is a massive, decentralized economic safety net that completely bypasses the traditional banking system.

India's hidden gold reserve is in women's jewelry boxes
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