the fully loaded magazine
There is an explanation for our Au-Struck Masses (Nov 07). For gold never loses value, even our not-so-literate rural masses—for whom banks and sips are still a while away—know it. Meanwhile, in cities the know-it-alls dump their shares and invest in gold. It's only the poor and the middle class, forced to buy for a marriage or a special occasion, which feel squeezed here.
Prerna Priyakshi, Bangalore
The price of gold will rise in direct proportion to the increase in corruption worldwide. These days when giving ‘briefcases’ has become passe, it’s convenient to carry a kilo of gold to pay bribes. Just think, Rs 30 lakh in one pocket.
N.K. Singhal, Rohtak
It’s the Indian insecurity acting up. Maybe our weather has something to do with it: the monsoon is unpredictable, a fear of famine is always hovering around. This has infected the Indian psyche. In this ‘climate’, gold seems the only thing whose value seems safe.
Ramesh Raghuvanshi, Pune
No matter what the experts say, gold’s a great investment option. Keeps the wife happy too.
Dinesh Kumar, Chandigarh
Careful, guys. Gold cannot and will not remain this high for long. I won’t be surprised if in about a year gold prices are half of what they are today. There is a stockmarket dictum that goes something like “even god can’t predict the next movement of the market”. At these levels, gold could burn you.
G.M. Gulati, AdipurM
After 16 years, Outlook’s still excited by the shiny metal. Teen pangs?
V.N.K. Murti, Pattambi