This topic was never in mind – But a small discussion in my office made me really think thru it …
I am a person who is not at all fond of gold.. I would say I hate gold .. But I have zero percent interest in gold.. my mother wanted to buy some gold bangle for their Wedding Aniversary and she asked me to buy… I was asking my colleagues to give me different options to buy and they were teasing me saying that all ladies are always behind gold ( I was speaking to a group of married men ) …I told them that I am NOT AT all interested in gold and they looked at me as if I have come down to earth from some other planet ..and told me .. Woman – no interest in gold ?? We can ‘t believe it !I told there are many people who don’t have interest in gold – but coming to think of it , Majority vote goes for gold .. I have many friends who ask their husband to buy gold every month!!!!
I went to couple of my husband’s relatives marriages.. ( in Kerala) .. I was trying to see where the girl is – She was totally covered with gold and I was wondering all along – Is this a marriage or a weight lifting competition ? and thinking of the middle class families and dowries – How much do they struggle to save gold for their daughter’s marriage? And with the increasing gold prices, it is really tough for a common man to think of gold. I think the need for gold starts from our marriage custom – First of all , I wonder why still there is a dowry system ?Will post a separate blog on this .. let me not deviate from the topic…… so much of planning goes behind the savarans ! and in some states people give gold in Kilos.. what happens after marriage ? you get Necklaces ,huge pendants, rubies blab la ( I don’t even know the varieties ) can you wear to office ?mmmm….. not safe – and so it goes to locker and sleep … you take out for marriages – but how many marriages you attend in a year ? you can’t wear everything and walk as a competition to the bride…we still hear news that that the wife loved the fire more than husband because the husband loved gold more than her ! There are deaths for 3-4 savarans ..... Value for LIFE !
Affinity for gold – Is this in our blood ? Some may say “ NO “ ..but I think still the majority will say yes to it … My mother is a walking example of it …… Her face literally brightens up when you take her into a jewellery…. She will change chain everytime ( atleast 3-4 times a yr) saying that “ pazhasa pochu …” “ model nalla illa” “kuthuthu “ blab la … I always ask her “ you cant wear more than two chains , 6-8 bangles “ at home .. what is the use of buying everything and keepin in locker ? She will tell me that it is the way to invest and will help you later
I agree that it is a investment – But I don’t know if this is true when you buy jewels – If you say gold coin, or Gold Mutual funds , ETFs etc..may be … When you change jewels , u lose a lot I suppose… wastage etc etc…. gold was 100 Rs per per savaran once , now it s 10,000 Rs ..but we could live with 400 Rs during those days and even 10,000 rs is not enough these days… So , gold rate increase Vs our money value /need increase – is it not proportional ???
Poor husbands may have good investment ideas – but given the demands and thinking of the “fight factor” , they end up spending in gold…I went to a jewellery shop with my mother … India is never a Poor Man’s place.. So many people with such sparkling eyes , looking at gold – “ Ithu edunga athu edunga “ Madam new design paarunga ..bla bla .. Guys are sitting there and yawning..Hold on – I do see some walking Gold shop Guys – Bracelets, Big Chains , Rings in fingers..mmm… so much of varieties,design … .. we easily spent 2 hrs there to pick up a bangle and came home……
My mother said – You don’t like gold – y not buy for Nandhu ?? Nandhu is very fond of gold – She asked my mother one day “ Ammamma , y do u wear this much gold while my amma never wears many chains ?” .. My amma replied to her saying that all my gold will be to you after me … few weeks went .. she told my mother one day during her talks “ ammammma , u look young now – so I call you Ammamma, when you become old , I will call you paati and once you become very old , you will go to God and before you go , please give all your gold to me !!!!! “ come on– She is proving that she is my mother’s granddaughter !!!!!! now , I went and saw gold ear rings – I was always thinking in my mind – if I get the same design in Pondibazzar - it will cost only 50 Rs – this is 5000 Rs … I couldn’t buy anything ! At last , I settled for one small gold coin !!!!
Now ,the question comes to my mind is – if I buy 1 gram of gold ,it is 1700 Rs – I can get easily 20-30 sets of ear rings for that money - Matchin my dress , trendy , makes u feel young … ,variety etc etc… The same model can be bought in covering as well ..if I go to Jill Mill or Alankar , I still can get the same designs for 1000 + rs - the same thing in gold will come around 20,000 RS!!! Why do people waste their money in gold ???? the money can be invested wisely in many ways … why always gold???????????
The above topic is only on Gold – I never said that I don’t like Platinum or Diamond..heheheh
Vidyasama yosikaren yosikarennu ithu enga poyee nikka poghutho ?