Saturday, November 21, 2009
Gold is preferred always as an investment
The fluctuations in the price of this yellow metal have been only temporary & short lived just to boost up with redoubled speed to the surprise of all the general users in the public most of whom go for it just out of sentimental & custom reasons AND to the jubilation of all the speculative investors. So far,there has been no long term drop in its price.Earlier notion of holding or hoarding this precious metal being attributed to sentimental Indians,now gets transformed into shrewd investors all over the world mainly for reason of safer investment & easy liquidity.This feeling is getting cemented further more in view of the inflationary tendency,increase in demand & scarcity in supply which,in turn,is due low mining on account of depletion of the stocks.Whatever be the reasons,the propensity to stock the gold as a measure of security for the future is on increase thanks to its ever rising price nature.Perhaps,only for this reason,it has been still a matter of negotiations in all matrimonial matters by all the people from Indian bride's side.There is lot of wisdom in the Sanskrit saying"Naana Gunam Kaanchanam Samaashrayathe"(Every thing ultimately boils down to gold which indirectly could also mean that since gold is the most liquid form which could be converted into ready money very easily & instantly.It was rightly said that, not withstanding any degree of sainthood,every one is a slave to "Kaantha" & "Kanakam"(women & gold)-"yentha varalaina Kaantha Daasule"
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