Gold is one of the few things that has been wanted by the human race since ancient times. It must have led to the rise and fall of many empires. It's not much different now. Countries stock themselves up with this precious metal in times of economic distress.
It's quite amazing to see how the price of gold is zooming up so rapidly while the stock market and mutual funds are going to a rough and slow patch again. Just consider this. The price of 1 gm gold has crossed Rs.2000 while 1 kg silver can still be bought for around Rs.50,000. Some more calculating and I find out that to buy 1 kg of gold I'd have to shell out more than 20 Lakhs. Incredible and sad at the same time. Being an Indian woman I too have the strong urge to acquire some gold ornaments , but this being the scenario I wonder how feasible it will be in the years ahead. Till now gold was within reach of even the common man as he could buy at least a small quanity. The future looks bleak. It seems as there will come a time when gold becomes too hot to handle literally speaking and only the rich can afford to wear gold ornaments forget about investing in gold coins.
Just imagine, even the Olympic Games will be able to award the winner with gold plated medals only .... Sad, very sad ...
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