 |
Well if downward trends in stock markets make the people invest in Gold it further affects the stock markets. That means more people lose jobs. Further the people in the lower strata are more affected. Their demand is out of ...
The price per 10 grams of 24ct Gold went up to Rs.22,200, which is a sharp 23 percent rise over last quarter. But the demand went up to 38 percent.
There comes the difference between a common man from poor / middle class and rich people. While people on the lower strata buy gold for marriage and gifts, the rich have now found the gold as a safest investment.
The rich who have enough to invest in stock market find the slump in the stock market and the unpredictable ups and downs in share prices as unsafe. Gold means sure return.
Not only the individuals, many counties find gold reserves as the safest asset. Owing to the fall of Dollars the countries find a safe heaven in Gold. For a country with gold reserves the value of external assets increases manifold when there is a sudden spurt in prices. This in turn further increase in Gold price.
The current price rise is not a bubble according to experts. For many years there has been no decline in Gold prices. It is only bound to increase further.
Well if downward trends in stock markets make the people invest in Gold it further affects the stock markets. That means more people lose jobs.
Further the people in the lower strata are more affected. Their demand is out of necessity and they try to take cash loans at higher interest rates to buy gold for their social activities.
The view of Kerala Women’s Commission Chairperson Justice D Sreedevi is notable “I wish the gold price would scale more greater heights in the coming days. There is no other way to stop Keralites’ insatiable appetite for the precious metal”
A report from Japan says a customer tried to sell a gold crown encasing a rotten teeth of his dead grand mother. Those in need shall be happy to sell their old gold jewels to make a good cash for immediate expenses.
When the price of gold increases the crimes related to theft, Chain snatching also increase. Therefore look out for more breaks in jewellery shops and crimes on streets.
Especially India is the biggest buyer of Gold. Experts assess that the economy of India will be laid firmly on the foundation of Gold. There are suggestions to bring out domestic gold which are left idle in houses and lockers to the banks. And what about Temple gold belonging to Indian gods? Go for Deiva prashnam?
You might like: How to Calculate Gold Price in Indian Rupee (Bizcovering) The Best Way to Buy Gold (Quazen) Best Ways to Invest in Gold (Bizcovering) Malay healer turns woman, her daughters into sex slaves (this site) Malay healer turns woman, her daughters into sex slaves (this site) Best Ways to Invest in Gold (Bizcovering) The Best Way to Buy Gold (Quazen) How to Calculate Gold Price in Indian Rupee (Bizcovering)
rajan alexander: Ford Foundation-Anna Link: More Damning Evidences starts surfacing ”If every beneficiary of the... Discriminating Irom Sharmila from Anna Hazare (1)
rajan alexander: Ford Foundation-Anna Link: More Damning Evidences starts surfacing ”If every beneficiary of the... Invalid Karunanidhi, Anti Tamil Hindu paper and the Bootlicker Thangabalu (8)