T.S. Kalyanaraman has become a billionaire as a 12-year rally in gold prices fails to damp demand in India, the world’s largest consumer of the precious metal. He owns 44 stores in India and plans to open 36 more by March 2014, including five in the Middle East.
“Less profit, more turnover; that is what we believe in,” Kalyanaraman, chairman of Kalyan Jewellers, said in a phone interview from Kerala. “Be as transparent as you can in your trade. The big thing in life is trust.”
Max Keiser
Financial War Reports
Imagine if he would start to keep his cash reserves in silver..
Where is gold surging? I’d like a surge.
Does this make him the 1% and if not why? just because be bought gold?
Hey Max, I’ve been thinking to much lately but something funny crossed my mind the other day. When François Hollande bought in the 75% income tax on +1M/Euro and Gérard Depardieu moved to Belgium. You were awfully quick in moving to London.
So who is the 1% is it is not those trying to avoid paying French income tax?
At 10,000$ an ounce India will become the richest country in the world !
Indians have 20,000 tons of Gold and that’s if I remember only an officail number.