Joy Alukas is in possession of 16,000 kg of gold!

How much gold do you think our Joy Alukas has? 16,000 kg. We didn't say that. Bloomberg, which is famous for telling the truth about world finance, has reported it, so there is no doubt about it, the real situation is the same.

Joy Alukkas: Billionaire Sitting on 16,000 Kilos of gold says price will rise We saw this figure in a report by Bloomberg.com titled "Joy Alukkas: Billionaire Sitting on 16,000 Kilos of gold says price will rise". When we say "in the possession of elders", we should not assume that it is a private collection. This is the inventory figure of 178 Joy Alukkas Group jewelers around the world. Joy Alukkas sells gold in a dozen countries including India, UAE and the US. Currently, there are seven in the US. Joy Alukkas said in an interview in Dubai that this will increase to 11 within a year. Then, New Zealand, Canada. Wherever there is an Indian community. His son John Paul Alukkas looks after the international business. Two sons-in-law are in charge of the affairs in India.

Where is the price of gold? Joy Alukas expects the price to continue to rise. In the interview, Joy Alukas argues that if there is no significant progress in the US economy in the next two to three years and geopolitics continues to be chaotic, there should be no significant correction in gold. Whenever there is uncertainty in the world, people will turn to gold as a safe investment. That is the trend. It may decrease from time to time. But overall, it will be an upward trend - he says, citing decades of experience in this field.

US interest rates, the value of the dollar in the world, global inflation, and above all, public confidence are all crucial for the gold market. Like gold, silver is also in demand now. Buying and storing 10 gram and 50 gram silver bars has become a new trend. Lightweight gold jewelry is selling well. He explains that the reason for this may be the high price.

At the age of 16, he joined his father's business as an assistant. In the late 80s, he opened his first overseas showroom in the UAE. In the meantime, he saw many ups and downs of 10% and 20%. This ship and its captain did not waver in any of it. How many situations have required additional working capital? According to the Bloomberg Billionaires Index, this Thrissur man's net worth is $5.8 billion. The golden man of the Malayalam coast!