“I inherited a fair amount of gold; I also want to leave behind a sufficient amount of gold for the next generation,” Phuge explains.
However, hoarding so much of gold leaves no signs of worry on Phuge's face, who says he has his own security system in place. “I always move around with bodyguards,” he said.
Besides, being a well-known landowner, Phuge also runs a co-operative credit society and financial institutions.