Gold is a safe & secure investment

The sterling quality of gold seen in phenomenal appreciation of its value is driving people to an increased awareness of the wisdom behind the elders insisting their family members to accumulate a portion of wealth in gold ornaments at least,though not in gold bars,as it also meets the sentiments of the women members of the family.The concept of holding gold under EFT,as of now,is seldom known to people & therefore,is yet to gain acceptability.Upper middle class & the affluent may be eager to invest in gold bars/coins,but they are haunted by the security & legal problems as such holdings are not favoured by the IT Dept.The ever rising demand for money by people who cry about the price increase on one hand & crave to hold it very much on the other hand despite steep rise in its acquisition cost makes even the economic pundits wonder at the amazing rate of appreciation it is acquiring.The theory of various factors contributing for its ever rising price escalation was capsuled in single Sanskrit maxim which reads as "naanaa gunam kanchanam samaashrayeth"(all things seek refuge in gold-which means every thing in the world boils down to wealth,one of the forms of which is gold)It was a bitter truth when an elder said that there is none-however great one may be,who would not yield to either "kaantha(woman)OR"kanakam"(gold)And because gold has such a rich background of applauds by our ancestors too,it is also proving as a safe & secure investment to befall in times of need.