Gold has taken a multidimensional impact.
It is a commodity.
It is an asset.
It is a precious jewellery.
The rate of gold per ounce is $1036. It absolutely turns one scared.
One of my friends, let us call her Nalini, was talking to me the other day, and as all women, our conversation centered on gold. She said,
“Meena, I will not buy gold hereafter. It is surging like anything.”
I smiled to myself, knowing fully well Nalini’s penchant for gold.
“See, the gold , I have accumulated is lying in the locker. I wear only a thin chain, small earrings , and two bangles. I am afraid to wear anything more..”
She not paying any attention to my reactions, prattled,
“We have to pay rent to the lockers. It is a strain to go to the bank, get them out of the locker, to deck myself during weddings.If the marriage falls on a holiday, then I cannot get my jewels. What is the use of locking so much money on lockers?
I was amused, but she got on with her monologue,
“Instead , if I had spent the money on some other worthy investments, or if I had taken a world tour, I would have been happy.Iam talking of world tour, when I have not seen Taj Mahal, the pink city-Jaipur, the stately Himalayas, the holy city Varanasi, the financial capital Mumbai, and nearer home God’s own country Kerala.”
Now, I started feeling bad for her, but she carried on,
” I do not possess a good car, I have an old rattling Ambassador, my cot is made of wrought iron,which is similar to an hospital cot, my dining table is made of country wood with a formica top, and my living room furniture looks shabby. I did not think about these essentials , but was busy accumulating gold.”
I felt really sorry for Nalini.. How much she has missed out in life?The gold in her locker would be worth a million. But the comfort she has denied herself is more than a million. She did not go on a holiday all her life. She did not furnish her house as she wished had . She deprived herself of the basic necessity .
I consoled Nalini, saying “nothing has been lost. Now is the time to sell a fraction of gold. You will be getting a fortune. With the revenue , you can compensate for the missed opportunities. You can even accomplish a world tour. You can fly to London , see the change of guards, go to paris ,and have a look at the Eifel tower, cross over to New York , get a glimpse of the Statue of Liberty, reach Toronto have a look at the beautiful Niagara, travel to Australia, experience the life in ranches,and assimilate the abundant scenery that New Zealand delivers. Do a shopping in Hong Kong and Singapore, hop on to China. Back home, a month’s excursion will suffice an entire coverage of the country.Will you do Nalini?”
A transformation is taking place in her mind. But will she do? I hope not, as she has so much fondness for gold.