09.10.2008 - Focus shifts to commodities
From Telegraph India: Affluent investors have started funnelling their money into commodity futures as stock returns tumble by as much as 45 per cent this year. High networth individuals (HNIs) have started to head to commodity exchanges which are now reporting a daily turnover of Rs 28,000 crore from a level of Rs 20,000 crore sometime ago. “I have come across many investors who are now eager to put their money in commodities,” says Harish Galipelli, head of research at Karvy Comtrade. He said most of the investor interest was centred on gold and silver, traditionally considered safe havens when the going is bad for the stock markets..... Full Article: Source
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