MAD GOLD INDIA

THE MYSTRY OF GOLD

When some thing goes beyond control then it’s very difficult to bring it back in the right path. See for example a drug addict, a gambler and a womanizer seldom transform them selves with out a strong set back. Similarly the Indian society has become a gold addict like the other three which I have mentioned. Gold is a dead investment for a common man. It only helps the chain snatchers, dacoits, smugglers, burglars, people with black money and last but not the least the jewelry shops all over India. Seldom has the gold come in to use for a real cause. The mother keeps it for her daughter or bahu and the cycle goes on till it loses its glitter and a new set is purchased in return for the old one (real gold).Then the standard deduction of 10% to 20% depending on the shop or brand .It seems the gold price has touched 19thousand rupees, may be they are targeting 20100 by year end to complete the year2010.
Why can’t all of the middle class Indians unite and stop purchasing gold ornaments for six months. No one is going to die if he or she does not wear gold!! Of late most of the marriages are between working boy and a girl so I do not know why the girls’ wear so much gold ornaments during the function and then keeps it in bank locker for years. It’s up to them to say no to sex and gold before marriage and no to gold after marriage.
With availability of so many varieties of imitation ornaments I do not think any one can make out if it’s real or fake. It depends on who wears it. Suppose Katrina wears a fake diamond necklace, every one will say its real one but if a maid servant wears a real one all will say it’s fake including her husband.
I appeal to all the ladies not to purchase any gold for the next part of 2010 and see what happens. The bridegrooms too should request their in-laws not to give any gold ornaments as dowry/ or gift... I am yet to meet a widow who sold away her gold ornaments for her children’s education or paying back the debts of her husband. She will prefer to go for another partner instead of breaking her gold ornaments (if she is young)
Remember a newly wed lady is in danger of rape and snatching of gold ornaments or even murder. With lots of drug addicts in society be careful of the gold ornaments; better invest in some thing different. Purchasing gold for bank lockers is most idiotic way of saving money for the future.

Thanks for reading.