Gold as an investment: the Indian version

Gold prices have again gathered momentum on the backof european carnage started with Greece. As the rest of the members get their jobs done, it will take an year or more for the global economy to look upward again. Though abberations may take place in between, the longer term perspective is growth. Traditional wisdom is catching up the attention of the wealthy in the 21st century. Gold is known as store of value over longer time periods against inflation. 

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When protection of hard earned money for longer periods become a prioirity, gold is the natural choice for many. The wealthy is no different.