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Saturday, February 2, 2013

A gold shirt $ 240,000


It took 15 artisans and 16 working days to make this shirt Phuge Datta, 42. Weighing 3.3 kg, the price of this garment Ascende to 12.7 million rupees. "Gold is my passion since I was little. always took it as jewelry, bracelets, rings and chains, " he told AFP this Indian who lives in the Pune district in the state of Maharashtra (west). Phuge developed this plan last year with a jeweler friend. "We wondered: 'Is there something else we can do with gold? What has not been done yet? '. The responsibility of a financial group gets this shirt only on special occasions and at other times the conserved locked away. In a country where poverty is endemic and where over 40% of children under five suffer from malnutrition, their passion for gold does not seem strange. India is the largest consumer of gold in the world (30% of demand). Many Indians, especially in rural areas where there are no banks, buy gold in the form of jewelry or bullion as insurance against inflation. The Indians bought 933.4 tons of gold in 2011, the last year for which figures are available , according to the World Gold Council 

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