Gold, gold everywhere, but not for you and me

Gold, gold everywhere, but not for you and me

By Phatengra

Since time immemorial, gold and precious stones, like diamonds, have been the symbol of pride, prestige, and dominance, and it has continued to date.  But, over the last year or so, the way the gold price has surged has left everyone gasping for air. Certainly, most people must not have thought that one day the gold price would shoot through the roof. Definitely, the future is uncertain—you can say so.

Geopolitics regularly shifts more as if tectonic plates do and settles with a new order. When geopolitics are shifted, new equations are made where enemies become friends and friends turn foes. Don’t believe. You should believe because when Mundre Dada assumed the throne of the USA, he started bullying not only his competitors but also his close allies. Once the entirety of Europe felt safe and secure under the security umbrella of the US; now they are running here and there for their own safety and security.

As the world has come to their senses and realized how the US has used the dollar to blackmail them, they have found the US dollar is no more a safe currency for the future of their economies. That’s why once again the world is trying to shift from the US dollar to gold as the only trusted medium of international trade.

The BRICS countries have already begun preparing to counter the US dollar. They have begun hoarding as much gold as possible. Thus, now more gold will remain in the possession of BRICS nations. That means the price of gold will further increase for sure.

In a situation like this I don’t think general people like you and I should run after gold. Now gold has become much dearer than anything in this world has. In this backdrop, it is better not to run after gold.

Nevertheless, I see many people still buy gold like crazy when its price has already crossed over three hundred thousand rupees. It has been observed that most people tend to buy gold for the marriage of their family members. In order to buy gold, money is taken on high interest, or sometimes land is sold or the house is mortgaged at banks. This is the way in which the marriage is solemnized…but at what cost?

Can a marriage burdened by a heavy loan bring true happiness to the families of the bride and bridegroom? Definitely not. But this is what is actually going on around us.

When the gold price is so high, then why do people still die to get it at their own cost? Be practical, wise, and prudent, and use your limited resources wisely. Stay away from ostentation and falsehood. This will only give you a momentary satisfaction and happiness. At a time when the inflation rate is so high and the heat of economic recession is knocking on the door, every single rupee should be spent with great care.

First thing first, stop purchasing gold. Instead, buy good-quality duplicate gold and display it as if it is the original one. Nobody will come to check whether the gold ornaments are real or fake. Save money and invest it in the right place. Don’t take a loan, but meet your expenditures with whatever savings you have at your disposal.

Those people who run after gold and buy it by sacrificing everything they have are nothing but sheer stupidity. Displaying the wealth by spending money on gold will only give you momentary satisfaction. But later it will give you much more pain, and that will hurt you deep in a real sense.

About the author

Phatengra is a Surkhet-based Nepali writer. He lives alone in the deep forest of Surkhet. He is notorious for his controversial thoughts and opinions. He is a highly unpredictable person. Some call him a scholar, while others name him stupid. Well, it is better his readers should decide what he is.