India's Reliance Capital Says Gold Investment Will Exceed Equity Investment

In the Indian market, of course. The chief executive of Reliance Capital Asset Management averred it would, on the opening of a new fund-of funds devoted to gold:

“I am very bullish, this gold category will beat that in the next 3 to 4 years time,” said Sikka, referring to mutual funds investments in equities. “It’s a very simple thing - only 40 million investors are in the mutual fund industry, compared to 500 million people are investors of gold in India.”

Granted there's a bit of boostership in his words, but the World Gold Council has pegged Indian demand for gold as an investment as being up 73% in the twelve months ending September 30th.