When some one 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 until it’s loses its glitter and a new set is
purchased in return of 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
28thousand rupees, may be they are targeting 50000 by year end to complete the
year2012.
Why can’t all of the middle class Indians unite and
stop purchasing gold ornaments for one year. No one is going to die if he or
she does not wear gold!! Of late most of
the love marriages are inter caste, very few are arranged marriages, between
working 33+ males and a woman of similar age, so I do not know why the lady has
to 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 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 is wears it. Suppose Katrina wears a fake diamond necklace, every one
will say its real one but if my wife wears a real one, all will say it’s fake,
including me.
I appeal to all the ladies not to purchase any gold for
the next part of 2012-13 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 sells 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
one should 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.
But like the “GOLDEN DEER” which resulted in
kidnapping of SITA by Ravana, the present society is running after gold and
property as if they will carry it with them after their death. Materialist
pleasure is temporary one should remember that.
See what has happened to India’s economy, with highest
gold reserve in the world in our banks, temples and in the form of black money
what is the use of that gold?
As long as
India’s economy depends on international PETROL, GOLD &DOLLAR values I do
not see a bright future for our country. Of late multiple companies have with
drawn their money from India -Why? Due to our faulty economic policy and
bizarre liberalization, S&P has given a warning to our economists?
(Standard & Poor's warns India of a downgrade to junk category
Making a pointed
observation on Prime Minister Manmohan Singh's government S&P said, "It
would be ironic if a government under the economist who spurred much of the
liberalization of India's economy and helped unleash such gains were to preside
over their potential erosion" )
Thanks for reading.
Sanjoy Kumar Satpathy
Bhubaneswar