The purpose of Gold in the Indian context

The purpose of Gold in the Indian culture

is primarily for consumption (self or over generations)

secondary for emergency sale / pledge and

tertiary as an investment

keeping aside the exception of parallel economy purchases ?,

that’s been the age old philosophy

The new age thought seems to have gone a bit awry on this ??‍♂️

When a consumption Asset is viewed as an Investment Asset – trouble ahead for sure

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