If India can aquire the land that is lying "un-productive" of poor SC/ST's why cat India aquire gold that is lying in cofferes of private and public entities? Governement must legislate against gold hording and aquire gold that is more than 300 gm per family. I am saying 300 gms coz that is what maximum middle class house hold owns, the law should be intended for those who aquire in kilos and tonnes. It will first stop the import, increase national gold deposit, strengthen rupee against international currencies, will curtail gold hoarders from stealing the wealth that should have gotten cerculated in the economy.
Re: aquire all the gold above 300 gms.
by Damu ramamurthy on Apr 08, 2013 09:26 PM
Acquire from middle class families and do what?Throw them in to freebies for political gains of some cheap cheats so called leaders is it? I think you are one of them. Becoz of such gold holdingd in our country we were not affected by the so called world recession recently.Otherwise our politicians will distribute them to so called their SC/st reserved category to cheat them voting for them.
Re: Re: aquire all the gold above 300 gms.
by RAJU subramani on Apr 08, 2013 09:31 PM
correct..if at all anything inidnas are doing is saving in the form of gold sensibly..that gives solidity for our economy unlike american economy where it is so brittle...if really required our govt can buy the gold from people back..
Re: Re: Re: aquire all the gold above 300 gms.
by Damu ramamurthy on Apr 08, 2013 09:35 PM
Americans spend for thier pleasure and our politicians rob the middle class and spend for thier votes.
Article seems to be surreptitiously written to ptomote gold buying. Retil buyers must be very cautious as gold isn on a free fall( slightly slower tahn bubble bust). With new and better investment avenues, Inevstments in idle assets liek Gold must be considered very cautiously.
Re: Buyers beware
by Pratham on Apr 08, 2013 04:25 PM
Can you please elaborate on better and new investment avenues my friend ?
Stock markets are beaten black and blue - MFs NAV follow stock markets - inflaltion running at all time high - real estate getting expensive every other fortnight - rupee loosing value against dollar relentlessly - economy is in doldrums and our government is a crass - inflation is eating into cloth food and shelter of common man - unemployment is rising - growth rate is down and corruption up - insurance companies looting in name of ulips and giving negative returns - endowment policies average around 6 % - FDs are around 9 - sebi is introducing rules after rules, latest being illiquid stocks making markets anti small investors - scamsters rule the roost on commodity and stock exchange - ppf and nsc are the only safe bets with decent returns in the form of investments.
so what are those new and better investment avenues ? do you mean car, furniture, cell phones, gadgets and burgers ?
Re: Re: Re: Buyers beware
by Damu ramamurthy on Apr 08, 2013 09:33 PM
Our cheat politicians will empty us of everything by throwing the hard earned middle class savings in whatever shape in to the hands of reserved category for votes winning elections and no one is using the money for any sort of national development or any productive use.Unless next time BJP is voted to power other politicians would rob even the GOLD IN OUR WOMENS MANGALYA and throw in to vote banks and loot for themselves also.
