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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (5011)	7/8/1999 3:26:00 PM
From: sea_biscuit	Respond to of 12475

So, gold is still attractive even after it hits a 15-year low, and promises to go down further?! Speaks volumes about the quality of financial institutions and the efficacy of the legal system in dealing with financial scamsters in India, i.e. Bhaarat...

To: Mohan Marette who wrote (5011)	7/8/1999 3:40:00 PM
From: Shivram Hala	Read Replies (1) \| Respond to of 12475

> The Indian demand for gold is also linked to the institution of > marriage. Tradition, yes. But it is an imperiled trend. Indians are making a big mistake by continuing to hoard gold while the rest of the countries are selling their reserves. > For centuries gold has been equated with money, savings, riches and > status in India, and family heirlooms alone may account for more > than half of the country's holdings That's the fascination and the main factor for a lot of people is that it can be used during the hard times. Socially people should become aware that gold is nothing but a metal and instead of piling on gold for wedding, should give that money so the newly weds could use it. With more spending that will only spur the economy.