WHY INDIAN SO CRAZY WITH GOLD?

Gold melts at 1.337 degrees celsius.

I'm sorry, I'm Sudra doesn't deserve to Gold...:-((

Life is a continual upgrade. ~JMW

danial thanks for explaining things the long way :)

i like #4 the most :)

...listen to the sound of silence....

copy & paste

Importance of Gold in Indian Culture and Religions

Many people think that Indians are gold crazy. Though this statement cannot be completely denied the truth is that Gold always had a special significance in all ages. One may recall that Gold was one of the three gifts given by the three wise men on the birth of Jesus according to the Holy Bible. There is also mention of the golden calf for idol worship and a statement that Abraham was rich in gold. It may also be noted that the Hindu God Brahma is referred to as Hiranyagarbha which means born of gold as he is born from the cosmic egg of gold. In Hindu mythology, some of the gods and goddesses are described as golden hued with reference to their beauty.

The importance of gold can be understood in the saying all glitters are not gold. It also can be noted from the way events or achievements are named like golden anniversaries, golden jubilee, gold medals, gold credit card etc. In India people buy gold anytime and not only during special occasions like weddings, festivals or special events. Gold is also offered to Indian deities. The Indian Hindu calendar even has auspicious days to buy gold like Dhanteras and Dassera. Gold is also bought on festivals like Onam, Pongal and Durga Puja.

Though gold has several applications or uses the main reasons why Indians take to gold are

1) Gold is considered an equivalent for liquid cash: Gold is highly liquid and portable as a Security or Asset. It can be converted to cash anytime when an emergency arises and is considered a friend in need.

2) Gold is considered as Status Symbol: Especially in India gold symbolizes wealth. In Indian weddings the gold the bride brings in show her family's status and wealth and forms part of the dowry given to bride. It is believed that a bride wearing 24k gold on their wedding to bring luck and happiness throughout the married life.

3) Gold is a very good investment: Gold is an asset which has consistently increased in value and thereby considered as a safe and secure investment. Gold is considered an effective diversifier which helps to reduce portfolio risk.

4) Gold is considered as a good gift item: It's precious and worthy across all cultures and times. The gold jewelry is given as gifts during weddings, festivals and other special occasions.

5) Gold has great religious significance: Gold is the symbol of the Hindu Goddess Lakshmi and considered highly auspicious. Gold is brought or presented on festivals like Dhanteras and Akshaya Tritiya. Toe rings are never made of gold as it represents the goddess of wealth and should not be soiled by touching a human's feet.

6) Great Ornamental Value: Who can resist gold Ornaments? Women of every age and time have always loved wearing gold ornaments. Moreover, Gold Ornaments are never out of fashion. It also may be remembered that Wedding rings are also traditionally made of gold to mark a long lasting relationship.

7) Great value as Heirloom: Gold jewelry is something which can be passed down from one generation to the other as ancestral property.

Isn’t this why people say Gold is forever?

They know how to invest... for their future...

But why u r more concerned about??

Just take care of yourself..dear..

Bye!

Toms

gold = goood investment

im crazy with gold too but the gold don't feel the same way...lol!

they also crazy on everything that can be useful for them. Even a garbage if needed..

...that it now becomes a culture and symbol of the country's prosperity.

"Everything in this book may be wrong." Illusions: The Adventures of The Reluctant Messiah by Richard Bach

Do you think 12% returns (from any investment) within a span of just three weeks are good? I think these are fabulous as these suggest annualised returns of almost 207%. In simple terms, such returns are enough to multiply an investment three times in just one year!

India’s central bank has gained almost US$ 800 m on its recent investment in IMF gold. Not bad I say. I stand up and salute.

Cheers.

" Winning is not everything, it is the only thing. Second place goes to the first loser " - J.Johnson

Khemcho, great to know a wiseman like you.....previously I just thought that Indian Government was crazy like my friends Pradeep :-)) I think your government want to control Gold price like US control Oil and Gas price.....Let's see if 2012 all dream are over..

Victory, I don't need gold for myself as I'm being moslem like you....I just hate people who exhibit too much for pride....perhaps me sick too :-))

“The fool speaks, the wise man listens”

How QL made you a day dreamer?

Think of Platinums and raw Diamonds more precious metals than Gold......if found in India then?

What if they find some huge gold resource somewhere and the prices of Gold drop down in few yrs...

What will Indians do?? it will just like stainless steel or iron:) Lemme sell it all before that happens:)

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I belong to the oldest civilization on earth....from the land of dreams and Romance

being man, we don't wear gold (being muslims) but buy for female members of our family.

India is not the only consumer but a Major consumer of Gold in the World.

I hate GOLD . I've only 10 rings and a couple of chains.. I wish I had two necks...

And in b/w is India the only gold consumer in this world?

---If you can't CONVINCE 'em, CONFUSE 'em!!!

its part of their culture..

every individuals in india needs to have atleast 1 kilo of gold..

got the information in my indian co workers..

their bad luck ;-)

BTW....Men wearing Gold ornaments remind me of Bappi Da and Hrithik in Jodha Akbar :)

All Indians love Gold, any problem with you 'Narad'.... if you can't afford, change your job/career. period

pajju what about other ornaments?

kumaran

Long time no c

To accomplish great things, we must not only act, but also dream; not only plan, but also believe.

2 gold chain 10 rings

Pajju you look so young with ornaments.ha ha ha really true, check wd Khemcho.

kumaran

the bad news is indian can buy more gold than me,,,

LOL

BUT IT IS REALLY A GOOD INVESTMENT

i c

To accomplish great things, we must not only act, but also dream; not only plan, but also believe.

kemcho all r busy with their personal stuffs .

yap. wil be ? wassup ? PM me ur itinerary :P

so how are others n especially Tcom.. hardly see him in QL now a days..

To accomplish great things, we must not only act, but also dream; not only plan, but also believe.

not only as ornamental but also due to its value as investment.

this is also cultural. Gold is very much part of the Indian culture.

"To err is human, to forgive is divine."

khemcho .. thanx for ur PM . so tonite u will be free ?

surething pajju.. thanks :) check ur PM for his Number.. i guess he is busy all these days.. hardly saw him in QL.. just posted one post a day or two back and thats it.

To accomplish great things, we must not only act, but also dream; not only plan, but also believe.

khemcho so any news from Kumaran ? plzz PM me his number

khemcho .. as usual just started :P and wait for weekend ok ?

LOL!

who cares about stinkys anyway? even trolls will shy away from stinks :P

yes pajju, dont feed the F**** Trolls

so wassup wid you ?

To accomplish great things, we must not only act, but also dream; not only plan, but also believe.

i cant say anythin abt phils here .. i got good buddys from phil .. and i stopped feedin puckin TROLLS

hahahahahahaha!!!

their stink shits the hell out of me... how can i work seriously??? :P

Wat the heck do u think of ur self?

u dont have any good work apart from sniffing indians ?

To accomplish great things, we must not only act, but also dream; not only plan, but also believe.

yucky!! EWWWWWWWWWWWW :(

and you are upset because ....... ??

~*Speak when you are angry and you will make the best speech you will ever regret*~

Yes I am wanna try it ?

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I'm Jack's complete lack of surprise

r u homo? homo as in .... LOL :P

u troll away from me will yeah ;)

BTW... you stinks too??

Every Person has his own identity, so as the country. so the way a person speaks differs.. most of them shake their head when they speak. Most of them Jabber a lot. you cant say all Indians are jabbers. understand that.

I can also say something about indonesia, but i dont want to do so, and i dont want to mess up ur thread.

" Wise man will understand my view. guess you understood ya? "

r u gay ? u bloody TROLL away from indians

maybe they will use the gold to get rid of the stinkys :P

bathe in gold and smell good... LOL :P

why do you want to deviate from your thread ?? answer me that first. first you wanted to know why india made investment in Gold.

then you had issue with "one" person in your office, who is wearing rings in his fingers. sort that out from him and do not, i repeat "do not" generalize your statement.

To accomplish great things, we must not only act, but also dream; not only plan, but also believe.

Nothing is more relaxing than flying like an Eagle in Heaven !!

part of their culture. for them gold is a way to show wealth. basically back in history all kings/queens were crazy about Gold. they stick to history :P

a good and wise investment.It can be used as an ornament too.

But why should anyone be bogged down on the gold ornaments somebody wears?

JO Naras - we are used to this. the whole world has Indian haters,so as QL,, lol. and it will keep increasing and we all know why. chill bro :)

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- God Gives n Forgivs .. We Gets n Forgets -

yes

Pajju, are you living in Doha??

“The fool speaks, the wise man listens”

Gold will reach to New highs with Dollar declining its value! I do presume.

Wait till February...the gold price will nose dive...

which souq ?

Khemcho and my dear Arien, I wonder when you guys ever listening. Indian talks a lot ...please come to Souq every Friday and you will see millions of Indians at Souq talking each other create noise like Bees..that why we sometime call Souq every Friday like HoneyComb....:-))

Perhaps you will die if not allowed to talk for one day...sorry guys just jokes...I admire with your capability to talk..talk and talk..that's fact don't be shy or upset...I have one Indian friend and he speaks like AK-47 no brake while shaking his head..:-)) That's a gift..keep it that way..don't get mad with me...:-))

“The fool speaks, the wise man listens”

lol Kemcho.. Good one.

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- Listen to Many...Speak to a Few -

Read your signature line..

We (Indians) are listening. ;)

To accomplish great things, we must not only act, but also dream; not only plan, but also believe.

Yes, India is a major consumer of gold in terms of retail sale. This is the time of marriages and festival in India and obviously the gold rate shoots up.

It is been treated as "Shubh" (sign of prosperity and happiness, some belief) to buy gold during certain time of the year!

India bought Gold from IMF for its gold reserve is another story.

Indian government has made trouble for me. My salary in US Dollar not in Gold that depreciation so much..:-))

And Indian government have cause trouble to their own people because they can not afford to buy the gold for wedding gift :-))

The real problem with me is this Indian guy with 3 rings on his left fingers and 3 rings on the right fingers always using his fingers fly around my nose when he explained something during our meeting...he want to show that he have the rings....perhaps I should cut his fingers or tied his hand during the meeting....id**t...

“The fool speaks, the wise man listens”

Don't forget Rizks and his gold teeth ..

We make our furniture and house in gold....havent you heard about the Golden Temple....or the Golden Triangle...

I just got a 3 seater sofa made in 22 Carat gold....after so many years in the Gelf :P

....and returns home for vacation to check on mom's choices of ladies with several collections of golden anklets, bracelets, belts, earrings, rings necklaces, belts and tiarras...and live happily ever after!

jo naras that's why gold is important for us...anymore questions dear? :)

...listen to the sound of silence....

coz that wise to do so... indians are smart when it comes to such investments & decisions.

btw, the indian govt. din't buy that gold to distribute to indian citizens..lol

~noms~

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"Before God we are all equally wise ' and equally foolish" - Albert Einstein

Well said, Doha_09.

If everything seems under control, you're just not going fast enough...

BritEx shoots...... he scores!!!!

You are not a seasoned expat unless you purchase the mandatory, Gold Rolex, Gold bracelet (wide links), fairly heavy gold chain for the neck and ofcourse at least four heavy gold rings for the fingers.

Gold is of course a safe investment.

It is indeed welcome to own several grams or even kilos for individual investment or ornamental purpose and at one's own will.

But in some of the Indian Communities it is mandatory that the bride should have kilos of gold with her.

Girls need to realize from schooldays that it is a shame if society imposes some restraint just because you are feminine. You are no way less than your counterpart so that you should carry dowry [ in the form of gold] with you.

It is because of these social menace birth of a girl child adds frown to parents' forehead!!

Fortunately most parts of India it's not practised in educaetd society.

Unless we overcome our attitude, we cannot be considered 'developed' despite all economic reforms!!

Hmmmmmm.... are there any Indians in this thread?

@ Joenaras,did your friend take money from you to pay for those rings he's wearing?...i'm guessing not,in which case,to each his own mate...gold is a safe investment,the price varies up & down slightly but unlike ANY other commodity,it's highly unlikely that it will ever crash...the Indians are just being smart or dare i say smarter??? *wink*!!...lesson no:1 in safe investments,look & learn...:)

so whats the right today ? Morning guys :P

Because Indians are wise people:)

Jo Naras - Cant stop laughing my dear.

Indian Government didnt buy gold for their ladies LOL. India converted a portion of their forgn reserve (which is around 300 billion USD) to Gold. They have been doing it for a while now and 10% of the total reserve is in Gold now.

Every one is loosing faith on USD.

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- Listen to Many...Speak to a Few -

it's part of culture and tradition. we look good wearing it. :)

and good investment as was mentioned

...listen to the sound of silence....

Nice signature roshu ;)

Good and safe investment which keeps growing each day

It's a safe investment and they have been doing it for a long time.

Gold is one of the safest investment in the world,the gold price never comedown.

They eat it.

I think gold looks great on Indians. In fact I am envious of how good it looks on Indians instead of me. I am also envious because they have all the gold instead of me.

the government is using gold film to insulate the warheads on their nuclear devices...

leave them be...

And your concern about it is?

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One life to live, live it to the fullest.