Investing in Gold :My views
Indians have a much attraction to this yellow metal from their past........
Gold is deeply embedded with our culture Even in our country marriages we have a very much importance for Gold.
We have the habit of wearing gold ornaments during function and it gradually changed into a social status. i.e to show their richness people used to wear more gold........
Now the face of Gold reached another new dimension i.e seeing gold as a safer investment....
People of India have a very good habit of saving wealth from their past and now people use to save their money in the form of Gold..........
If a question arises weather its right or wrong to invest in Gold in my point of view its not good to our economy.........
World major countries slips down with 2008 economic crisis but India not have more effect of economic crisis except few departments because we developed our economy in such a way that it majorly depends on investment from its own people not from outside...............
So Indian economy is run by the investment from its people i.e our savings running our country's economy...........
But investing in gold will make your savings to sleep in lockers instead of development plan so Government wont earn much from your Gold Investment thats why Mr.Chidambaram's Finance Minister of India is planning to put tax on Gold import (Presently India is the largest importer of Gold in the World)
If practically we speak Gold is having a good return to the people but not to the whole nation........................
THE WHOLE CONTENT IS MY THOUGHT & MY PERSONAL VIEWS AND
Gold is deeply embedded with our culture Even in our country marriages we have a very much importance for Gold.
We have the habit of wearing gold ornaments during function and it gradually changed into a social status. i.e to show their richness people used to wear more gold........
Now the face of Gold reached another new dimension i.e seeing gold as a safer investment....
People of India have a very good habit of saving wealth from their past and now people use to save their money in the form of Gold..........
If a question arises weather its right or wrong to invest in Gold in my point of view its not good to our economy.........
World major countries slips down with 2008 economic crisis but India not have more effect of economic crisis except few departments because we developed our economy in such a way that it majorly depends on investment from its own people not from outside...............
So Indian economy is run by the investment from its people i.e our savings running our country's economy...........
But investing in gold will make your savings to sleep in lockers instead of development plan so Government wont earn much from your Gold Investment thats why Mr.Chidambaram's Finance Minister of India is planning to put tax on Gold import (Presently India is the largest importer of Gold in the World)
If practically we speak Gold is having a good return to the people but not to the whole nation........................
THE WHOLE CONTENT IS MY THOUGHT & MY PERSONAL VIEWS AND
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