The gold craze in India is something I cannot possibly describe to somebody in the western civilization.
The thing is Gold is an amazing investment to make. Those who invest in it know it. Its practically zero risk, high return investment at practically no effort.
To give you simple statistics here in India. Only six years back Gold was around 1400-1500 rupees per gram, 10-12 years back it was around 650-700 rupees per gram, its now around 3000 rupees and growing.
Barring certain rare circumstances in Human history, price of gold has almost always grown.
Who wouldn't want gold? You can invest in small quantities, use it as jewellery, social status and makes the best investment.
What if is was the value of the gold remained constant? And it is the value of the Ruupia that falls. Question: Have food and gasoline become equally expensive?
The thing is Gold is an amazing investment to make. Those who invest in it know it. Its practically zero risk, high return investment at practically no effort.
To give you simple statistics here in India. Only six years back Gold was around 1400-1500 rupees per gram, 10-12 years back it was around 650-700 rupees per gram, its now around 3000 rupees and growing.
Barring certain rare circumstances in Human history, price of gold has almost always grown.
Who wouldn't want gold? You can invest in small quantities, use it as jewellery, social status and makes the best investment.