Secure Your Wealth – Invest in Gold is Craze of Millions People in India
Posted: Friday, September 10, 2010
by Gaurav Virk
Human Rghts Online
How many hidden wealth is invested in jewelry in India? What is the future of the wealth of jewels in India? Over 90% of people in India to secure their wealth by investing in the home, on the basis of ownership and maintenance of at least two to three ounces of gold as a safe investment wealth and status symbol for Indian women. Many people in the West consider a status symbol in creating wealth by investing in insurance or pension and living in rented accommodation owned or funded by investments from Asia and Africa and populations are indicated by credit card.
India is a treasure hidden jewelry of the wealth. 800 million population lives in villages of India does not maintain a bank account and do not disclose their wealth invested in jewelry. Holding jewelry or gift for newlyweds or temples are symbols of status. Average Indian family owns more than two or three ounces of gold jewelry as they continue to show moments of celebration. India's political and government offices or large traders illegal exploitation of their wealth in the form of jewelry and each have several kilograms of gold wealth is not disclosed. India is the importer of gold to 500,000 kilograms to 800,000 kilograms each year and this amount of gold is smuggled, who for many decades. How much wealth in jewelry is in India, many felt that there could be two trillion dollars in India?
The history of wealth in the form of jewelry (22K gold Indian) is very old and it was the rich tradition of women in India to worship with jewelry of gold since ages. It is impossible to arrange Indian wedding functions without gold jewelry. India is well known for its beautiful gold jewelry and amazing. The amazing thing about the design of Indian jewelry is that you will find different models in each culture and the state. Not to disclose the richness of Indian jewelry is a symbol of status and different types of jewelry, consisting of 2-3 ounces minimum are hidden with every Indian family . The rich keep jewelry kilograms. Holding and displaying jewelry wealth is a status symbol in India for generations. Politicians and government officials in India are considered among the most corrupt in the world and most of their wealth is kept in corrupt form of jewelry.
Given the demand for gold, with people and maintaining the value of its currency in printed form, the government of India was the largest buyer of gold on the international market. Declared gold reserves with the government of America does not support the value of its currency printed in U.S. dollars is now simply a promissory note. While the U.S. dollar depreciates in terms of gold, its people lose in terms of economy without knowing it.
The value of gold is universal, so is its jewelry. Yes, the dollar is widely accepted in the world, but its value differs from nation to nation. Gold jewelry is attractive to women in the world in general. This wealth of jewelry will continue to rise up against limited supply. Demand for gold is now more than its supply to meet demand of additional population and for its use in many products and drug use. With the emergence of China and Japan to finance major currencies of major countries, the value of gold continues to rise. Experts have calculated that the value of gold will continue to increase, many times and will probably reach U.S. $ Three thousand in the near future.
Secure your wealth by investing in jewelry (22K gold Indian).
Gold is best suited for an investment of time. Demand for gold has always been solid. The process of buying and selling of gold is pretty fast. It offers almost zero risk. Investors can now buy, sell and trade gold commodity almost like any other stock or shares. This has been a determining factor for many to secure your wealth by investing in jewelry. Price of gold jewelry are generally not affected by currency fluctuations. The price of gold does not rely on the power of money. In addition, the price of jewelry is not influenced by all sorts of political instability and crisis. Recent movements in the price of gold vis--vis the U.S. dollar and buying of IMF gold by India, followed by many countries suggest that the wealth of gold and its jewelry seems to come back as reserve standard
Gaurav Virk author has published research on human rights worldwide info : Link http://www.human-rights-online.org/Online-right-hotel-accommodation/ . and Link http://www.human-rights-online.org/Online-right-hotel-accommodation/Africa/ searches to comply with human rights.
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Top-level comments on this article: (8 total)I like the idea of savings being accumulated in jewelery rather than in money. At least there's something real and beautiful to jewelery.
Yaar! Koi mujhe thoda gold dedo (Friend! Somebody give me some gold).What you wrote here is pretty true. Gold is gold.
I failed to understand how educated people of the west is stuck in the dream of wealth offered by the insurance world.Love your comments, Chiradeep
Very nice Mr.Virk. It is always good to see how our different cultures view and relate to different situations and circumstances. It removes the veil of secrecy in which we determine our interpretations of other people's, and other nation's interactions in the world.
High regards comments, you Sir ,David Levitt.
Very interesting article. I too believe we should have as much gold as we can afford but my husband doesn't agree. He thinks his diversification by his brokers is better.
Thanks for Comments to Fran Larson
Could it possibly be- that maybe someone, we may least expect, knows something wise that we don't know?........If we shine our light into every corner, we're more likely to find gold there.......Extremely interesting article Gaurav- Thank you- Always- Ella P.S.- Have you read my article- "The Gold of gods and Men?"
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