tag:blogger.com,1999:blog-8146322436034546834.post2006264341227200930..comments2023-05-12T17:41:16.443+05:30Comments on STOCKFUNDOO: Craze for Gold in India and China and possible Gold Crash!Naren Lokwanihttp://www.blogger.com/profile/16874239087015042891noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8146322436034546834.post-68094236878876273972012-10-02T13:43:16.440+05:302012-10-02T13:43:16.440+05:30Well said. I am one of those strong opponents of G...Well said. I am one of those strong opponents of Gold. Only brainless buys gold. It is a dead investment. If you carefully observer, every one buys it in view of investment, those who encash physical gold are countable on fingers.<br /><br />At some point in future George Soros would be true. When stock market rallies like in 2000 & 2007, gold can witness significant correction. But there are plenty of people depending on gold, banks, term lending, gold showrooms, many to name, I don't they let the price down.<br /><br />My only concern is we should stop gold imports. Govt should impose 200% tax on gold imports. Countries like Canada are gaining due to these imports.<br /><br />The raise in gold causing many economical and social issues. Economical issues you have already touched. On the social front, few incidents like, an AP gold businessman was killed in Bangalore by the car driver after knowing that victim carrying a bag of gold. Numerous cases of thieves attacking couple wearing ornaments, perhaps we can read one such news everyday.<br /><br />Other side of coin. Those who predicts these would be ultimate winners, neither you nor myself. I still remember in 2007, my mother told to buy gold than investing in paddy fields. But, my insider strongly opposed. Strangely, I still feel that I am correct, may be some arrogance or confidence.<br /><br />The only reason my mother said, "I never saw gold price going down from my childhood". She might be right during 2007, and till now. Time only will answer.Anonymoushttps://www.blogger.com/profile/09855100606552890649noreply@blogger.com