Gold is a very valuable metal, as everyone knows. I don't really know why that is so. I know that gold is essential for the electronics industry, as there is no other metal with such a balance of conductivity (electrical) and ductility.
The other part - gold is golden (obviously) and people seem to like wearing it. Now, I really don't understand what difference it makes. That is also why I can see things a bit differently.
In India, gold has now become a controversial issue. Of course, in ancient times, India was the largest producer of gold and gold coins used as currency, but today, the saying that the balance has shifted would be an understatement.
Gold has been of religious and spiritual importance (I can't understand why), and people find it difficult to part from it, possibly due to its market price. That also makes little sense as the gold prices a couple of years back were as high as 30,000 rupees per 10g.
There are people in India, even temples, which, quite literally, hoarde gold. Most is probably donated by people (again, I don't understand how parting with a potentially valuable material just to give it to an organisation which already has tons of it helps). In the parantheses, I said 'tons'. I wish that were false - it's not. I feel it's because of these hoarders that the Indian rupee suffers. All that gold has better use in the World Bank, than stored secretly in temples.
The other part - gold is golden (obviously) and people seem to like wearing it. Now, I really don't understand what difference it makes. That is also why I can see things a bit differently.
In India, gold has now become a controversial issue. Of course, in ancient times, India was the largest producer of gold and gold coins used as currency, but today, the saying that the balance has shifted would be an understatement.
Gold has been of religious and spiritual importance (I can't understand why), and people find it difficult to part from it, possibly due to its market price. That also makes little sense as the gold prices a couple of years back were as high as 30,000 rupees per 10g.
There are people in India, even temples, which, quite literally, hoarde gold. Most is probably donated by people (again, I don't understand how parting with a potentially valuable material just to give it to an organisation which already has tons of it helps). In the parantheses, I said 'tons'. I wish that were false - it's not. I feel it's because of these hoarders that the Indian rupee suffers. All that gold has better use in the World Bank, than stored secretly in temples.
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