Some myths in India: 1. Technology development is the growth in economy. - It is not so, mere technology development is not peoples growth. From 1990 technology developed, but the parity between poor and rich has widened. The purchasing power of rupee has come down. It is not because of "globalisation" but because of Corruption globalised by the Indian Governments. 2. Indians are buying gold heavily and so economy is in tandrums: Indians are buying gold all over the years and it is not a new issue. Moreover, Gold ornaments exports from India is also increasing every year. World economy is decided by four things Gold, Crudeoil, usd and EURO. USA is importing Crudepoil, without using their Oil reserves with the long term view. Why not indians buy and invest in gold with a long term view. In 1991, Gold only saved our country and in 2013 also. Recently CYPRUS is saved by selling their GOLD only. wHAT IS APPLICABLE TO COMMON MAN IS APPLICABLE TO COUNTRIES ALSO. So, India and Indians, Invest in Gold. Among the four - Gold, CrudeOil, USD, Euro - first two are COMMODITIES and the other two are currencies. Commodities only decide the currencies value and not vice versa. Porulatharam enbathin unmaiyana porul " Porul - atharam". Porul illiyel atharam illai.
Posted on: Sun, 15 Sep 2013 04:36:43 +0000
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