India, One of the World's Largest Gold Consumers, May Be Renamed

The proposed new name may be familiar to many readers, though not for the reason most would expect.

A brief news item appeared on index.hu reporting that the presidential secretariat sent out invitations to the upcoming G20 summit gala dinner signed by the "President of Bharat" instead of the usual "President of India."

The name Bharat derives from the Mahabharata, a heroic epic written in Sanskrit over three thousand years ago (in Ervin Baktay's translation: "The Great Nation of Bharata").

The work, originally comprising 100,000 continuous verses, is well worth reading in Ervin Baktay's translation, which he condensed to a more manageable length, as it represents a foundational cultural treasure not only for the more than one billion followers of the Hindu faith, but for all of humanity.

India has a long tradition of saving in gold: Indians are at the forefront of both jewellery and investment gold bar and coin purchases, neck and neck with the Chinese.

Moreover, online physical gold purchasing platforms similar to Goldtresor are becoming increasingly popular in India as well.