Thursday, 16 March 2017

Vasanth Nagulakonda

Simple and easy way to boost Indian economy.

More demand for Gold; more expensive Gold becomes.

Everybody knows that the price of an item depends on its supply and demand. The lesser supply and higher demand mean peak price for the item. Just like gold in India. Most Indians wish to buy gold in spite of its supply coming from imports, making the price of gold skyrocket. Imports are made by forex transactions in USD which creates demand for US Dollar. Such demand for USD will make US Dollar stronger and Rupee weaker. A weaker Rupee means less purchasing power for Resident Indians. So, if we, All Indians, start buying gold and other imported items rationally, then we are helping ourselves and our fellow Indians. We can also stop making black money holders with bank accounts in Switzerland richer, day by day, by not buying their gold via Swiss banks.

I am not asking to stop buying imported items and gold, think about our fellow poor Indians before buying them. Gold and diamonds will become like our chronically cheapest tomatoes if we stop craving for them. Our economy is in our hands, don't blame Government without playing your better role. Let us unite and make Rupee stronger for the betterment of our economy. A stronger Rupee can also put a check on the brain drain from India. By the way, kindly respect All foreign tourists in India and never cheat them for money because what we give is what we get.

Sri Krishna Deva Raya

Less than 6 centuries ago, precious gems were sold openly on streets during Sri Krishna Deva Raya (1471-1529) rule. If I ask you, why? Even the kids will say that there was no demand for gems 6 centuries ago and same with Platinum at present. Platinum is precious than Gold, still not many crave for it, thus stable prices of Platinum exist.

If you are interested in investing money for yourself and your family, then buy some real estate assets in developing New India. Don't forget to do research before investing in real estate. Also, don't get fooled by fake demand created by some greedy brokers. I also remember a word of caution, from a seasoned Investor, not to buy homes without knowing where you are going to settle for your retirement. Share this post with your friends, so that Rupee becomes stronger and Indians who are below the poverty line can feed themselves. My dear fellow Indians, store your good righteous deeds in God's safest vault, instead of storing your gold in your bank's locker. This will save you for your lives ahead while doing good to many Indians. Owning gold beyond limits will do more harm than good.

ISKCON: Five Things You Must Do on Akshaya Tritiya. If you still want to buy gold on Akshaya Tritiya, then buy just the 1gm gold coin and earn tons of good karma. GOD bless All.