"The real price of every thing," says Adam Smith,[3] "What every thing really costs to the man who wants to acquire it, is the toil and trouble of acquiring it. What every thing is really worth to the man who has acquired it, and who wants to dispose of it, or exchange it for something else, is the toil and trouble which it can save to himself, and which it can impose upon other people. That this is really the foundation of the exchangeable value of all things, excepting those which cannot be increased by human industry, is a doctrine of the utmost importance in political economy"
When onion price could go a record high price, it's not surprising to have gold or silver prices tear the sky - this is all because of excessive stocking by the big guns as they have realized that even Swiss bank is not safe - while we struggle to get the swiss bank money, these people have already started taking back that money and putting on gold or silver - no body can control this - just have to take whatever comes...
Gold and silver have been just touching high thanks to turmoil in Libya and plus speculators. It is well known that most Indian black money is in the form of gold and silver in bank lockers and houses as there is no account of it. If you want to real kind of bring it half the price, ask people to declare the real investments and raid all bigwig lockers, as recently one guy had 10 kg of gold! One cannot imagine what would some of our bigwig politicans have? Automatically, these prices will cool off
Re: DEAD INVESTMENT TO DEAD IF YOU DONT INVEST
by Chalta Hai on Mar 07, 2011 07:01 PM
You are right hoe, my dad owns bricks and bricks of silver bought way back in 1996, total 345 kg stored in a dedicated room underground
Re: Re: DEAD INVESTMENT TO DEAD IF YOU DONT INVEST
by Shiva Guru on Mar 07, 2011 08:08 PM
Whoever you dad is, he is a wise man. 345*Rs. 54240.. Just count the digits.