I am very sorry to say that this gentle man must be a person who deal GOLD or GOLD products for living. The reality of GOLD as a security over inflation or saving your hard earned assets for retirement purpose is fully wrong and stupid.
As a layman in finance or investments; please find the value of anything in this world during the past 50 years and compare the prices of 1966 and 2016.
You would find every single item in India gone up a minimum of more than 100 times (10,000%); where as gold has gone up only less than 50 times or 5,000%. Take the value of real estate or land a minimum of 200 times to several thousand times depending on the location of your investment.
Take simple examples of grocery items available in 1966 and 2016.
Or take any of the following services or commodities and compare the value:
Any vegetables:
Any type of meat or fish products:
Any type of labor services in Gods Own Country
Any type of building materials
Any type of charges in bus services, train fare or Air fare
Take anything under the sky and compare the value of 1966 and 2016:
You would be surprised to see that GOLD value and the salaries or remunerations of a major portion of WHITE collared jobs are increased less than 50 % only during these 50 years.
So make sure to sell all your GOLD and invest it in proper worthwhile stocks or Mutual funds that guaranteed to meet the inflation and sufficient profits in long term basis. FIXED deposited savings are similar to GOLD and you will be always a looser in long-term investments.
Be WISE before making any investments in GOLD or FIXED DEPOSITS…
From: worldmalayaliclub@yahoogroups.com
To: worldmalayaliclub@yahoogroups.com
Date: Thu, 14 Apr 2016 16:48:31 +0000
Subject: [World Malayali Club] Structural Injustice
Structural Injustice
Inflation means continuous reduction in the value of money. Along with money all interest bearing bonds which are tied to an unchanging numerical figure also lose their real capital value. It is the wholesale systemic pilferage of the assets like Fixed Deposits which happen unavoidably as the pilferage is systemic.
As there is a big need, a desperate need to conceal wealth and income in the black money economy, the most preferred concealment is in gold. Thanks to the customs, traditions, sky rocketing of the price of land, increase in the value of gold is guaranteed. The sky rocketing in the price is happening not only in land but also in equal measure in gold and relationally in the amounts to be paid as bribe, as the goonda or rowdy fees charged by the police of the black money economy viz, the goondas that do settlements, give instant justice etc.Bribes have to be paid not only to the government officials but also to the goondas.
It is of course from these elements of the population that the political leaders' emerge. Now all these inflations cause reduction in the value of money and also in fixed deposits.
Banks and banking represent the honest segment of any society. Banks depend mainly on fixed deposits. Fixed deposits are the economic armament of the white economy. If the fixed deposits are attacked, attacked fatally till they die in the shape of losing the real value completely, it is a deadly attack on our Bharat Mata. It is as bad as the military attack by a foreign country. If the loss in the capital value of the fixed deposits completely, and also when the so called interest is fake income because the rate of inflation is more than the rate of interest, when both become systemic or structural, it simply means that the country is still under colonialism.
Now the fixed deposits have been under a deadly attack continuously, from every side. The so called interest is fake income as the inflations in many fields are far greater than the rate of interest. The attack has been further intensified by the latest reduction in the rate of interest. The value of the principal amount too is getting wiped out fast. The sick loans given by banks are about 11 lakh crores.
Removal of interest from the list of taxable incomes is the urgent fundamental step needed in the cause of freedom for the common man. The oppressors are tycoons of the black money economy who are responsible for inflations, diverse inflations in diverse fields. But tax on the fake income and taking no steps to save the capital value of the fixed deposits is the worst form of oppression. It is making the fundamental rights and the very preamble of our constitution a big joke.
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